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Volkswagen's ex-CEO pays company $14 million over his role in the diesel scandal

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Martin Winterkorn has agreed to pay Volkswagen nearly $14 million after an investigation found the former CEO failed to respond properly to signs that the company may have been using illegal diesel engine technology.

He also failed to ensure that questions from US authorities about the German carmaker's 2015 emissions scandal were answered"truthfully, completely and without delay," the company said Wednesday.

The former Volkswagen CEO attended a meeting in July 2015 at which key features of the so-called"defeat device" were discussed. Given his role and responsibilities, he should have tried to get to the bottom of the matter, the company said. Still, the former CEO has agreed to pay the company €11.2 million . Stadler, who has been accused of failing to investigate whether diesel engines developed by Audi were also rigged to cheat on emissions, has agreed to pay €4.1 million . He also rejected the allegations against him, according to the report.

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