Moneycontrol Be a Pro
Get App
Last Updated : Oct 02, 2018 08:07 PM IST | Source: PTI

Arrested Audi CEO Rupert Stadler leaves company

Volkswagen said Tuesday it has reached an agreement with Rupert Stadler that will see him leave with immediate effect.


Suspended Audi CEO Rupert Stadler is leaving the company, more than three months after he was arrested as part of a probe into parent company Volkswagen's manipulation of diesel emissions controls.

Volkswagen said Tuesday it has reached an agreement with Stadler that will see him leave with immediate effect.

It said in a statement that Stadler "wants to concentrate on his defense." Stadler was arrested in mid-June. Audi temporarily relieved him of his duties at his own request and named sales chief Abraham 'Bram' Schot interim CEO.

Close

German prosecutors ordered Stadler's arrest due to fears he might try to evade justice. A week earlier, authorities had searched his private residence on suspicion of fraud and indirect improprieties with documents.

The emissions scandal has rocked Volkswagen since 2015.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Oct 2, 2018 08:05 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant