VW Executive in South Korea Gets 18 Months
VW Executive in South Korea Gets 18 Months

VW Executive in South Korea Gets 18 Months

VW Executive in South Korea Gets 18 Months

A South Korean court on Friday sentenced an executive of Volkswagen’s local unit to one year and six months in prison for fabricating documents on emissions and noise-level tests to achieve certification for vehicles for import. This is the latest fallout from Volkswagen’s emissions-test cheating scandal that last year resulted in a sales suspension in South Korea, Reuters reported. “Volkswagen has by itself undermined its credibility as a global brand as a result of this crime which has caused grave social and economic damages,” the Seoul Central District Court said in a statement, referring to the suspension. The court statement only gave the surname of the executive, Yun, and said he was convicted of document fabrication, obstruction of work and violation of an environment law. In August, South Korea’s environment ministry suspended the sales of 80 models of Volkswagen, Audi and Bentley vehicles, and fined the group’s local unit 17.8 billion won ($14.91 million) for allegedly forging documents on emissions or noise-level tests. South Korea has taken a particularly hard line against the automaker, filing criminal complaints against executives fining the company an additional 37.3 billion won ($31.87 million) for false advertising.


Short URL : https://goo.gl/JKzGY4
  1. https://goo.gl/58RbWH
  • https://goo.gl/B8jPw7
  • https://goo.gl/gFP0DA
  • https://goo.gl/3g3V1o
  • https://goo.gl/r7M2zD

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...
Mario Draghi
Mario Draghi promised that the European Central Bank will take...
Italy on Debt Reduction Path
Italy will try to reduce debt to preserve investors’...

Add new comment

Read our comment policy before posting your viewpoints