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Volkswagen executive gets seven years for U.S. emissions fraud

Reuters  |  DETROIT 

By Nick CareyDETROIT (Reuters) - A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.The prison sentence and fine for the executive, Oliver Schmidt, were the maximum possible under a plea deal in August the German national made with prosecutors after admitting to charges of conspiring to mislead U.S regulators and violate clean-air laws."It is my opinion that you are a key conspirator in this scheme ...

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First Published: Thu, December 07 2017. 16:48 IST