VW ex-boss probed for market manipulation: prosecutors

Volkswagen's former boss Martin Winterkorn is under investigation for having allegedly manipulated the market by holding back information about emissions cheating at the automobile giant, German prosecutors said today.

"The initial suspicion of market manipulation is directed against two former board members of the VW Group. Among them is the former chief executive of the Volkswagen group, Professor Dr Martin Winterkorn," said prosecutors in a statement.