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Wednesday 20 September 2017

FBI arrests Volkswagen executive on fraud charges

A Volkswagen (VW) logo covered with mud and dust is seen on the wheel of a car in Grafenwoehr, Germany, October 26, 2016. REUTERS/Michaela Rehle/File Photo
A Volkswagen (VW) logo covered with mud and dust is seen on the wheel of a car in Grafenwoehr, Germany, October 26, 2016. REUTERS/Michaela Rehle/File Photo

The Federal Bureau of Investigation arrested a Volkswagen executive on charges of conspiracy to defraud the US, the New York Times reported on Monday.

Oliver Schmidt, who headed the company's regulatory compliance office in the US from 2014 to march 2015, was arrested on Saturday by federal investigators in Florida, the newspaper said, citing people familiar with the matter.

Schmidt is expected to be brought before the court on Monday, NYT said.

A South Korean court convicted an executive of the company's local unit on Jan 6th for document fabrication, obstruction of work and the violation of an environment law.

Volkswagen US and the FBI were not immediately available for comment

Reuters

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