A Miami federal judge ruled yesterday that 48-year-old Oliver Schmidt was too great a risk to flee to Germany, where prosecutors said the US could not extradite him. Five other Volkswagen executives have also been charged in an indictment released Wednesday in Detroit.
Schmidt's attorneys said they will try again to obtain his release on bond before a judge in Detroit, where the case will be tried.
The charges of conspiracy and fraud against Schmidt are part of the government case against VW for knowingly selling diesel vehicles that didn't meet US emissions standards. The company itself has agreed to plead guilty and pay a record USD 4.3 billion criminal penalty.
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