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Head of VW's Audi arrested in Germany over diesel scandal
German authorities arrested the head of Volkswagen's luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker's emissions test cheating scandal.
Munich prosecutors, who earlier this month widened their probe into Audi, said Rupert Stadler was being held due to fears he might hinder their investigation into the scandal, plunging Volkswagen into a leadership crisis.
News of the arrest comes as Volkswagen's (VW) new group CEO Herbert Diess is trying to introduce a new leadership structure, which includes Stadler, to speed up a shift toward electric vehicles in the wake of its "dieselgate" troubles.
Also at BBC, DW, The Register, and CNN.
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Audi CEO Arrested for Role in Volkswagen Diesel Emissions Scandal
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Madness takes its toll.
(Score: 4, Interesting) by bzipitidoo on Tuesday June 19 2018, @12:12AM
Yeah, and don't forget Angelo Mozilo, former head of Countrywide. There's taking risks, and gambling with huge uncertainties, and then there's outright lying and fraud, and bullying and threatening underlings, putting them in the impossible situation of having to cheat and commit crimes to meet their performance targets and keep their jobs, while pretending that they weren't being asked to do any such thing. The line can get blurry, but there's no question many crossed the line and should have gone to jail.
The only big fish who was actually imprisoned is Madoff, largely because his fraud was exceptionally obvious and there was nothing anyone could point to as an even remotely plausible excuse and defense. But that was nowhere near enough to deter the rest of the scoundrels.
If the referees aren't doing their jobs, the cheating quickly descends into a vicious cycle. Soon even the honest players see that they have no choice but to cheat, in order to stay competitive and survive.