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German prosecutors formally probe Porsche SE execs

Reuters  |  BERLIN 

BERLIN (Reuters) - German prosecutors are formally investigating Porsche SE executives Matthias Mueller and Hans Dieter Poetsch to determine whether they manipulated markets by delaying the disclosure of information pertaining to Volkswagen's (VW) emissions scandal.The prosecutor's office in Stuttgart said on Wednesday it was investigating Porsche SE executive board member Mueller, who is also the chief executive of Volkswagen, and Porsche SE CEO Poetsch, who is also VW's chairman, on suspicion they may have informed investors too late about financial risks to the Porsche holding firm from ...

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First Published: Wed, May 17 2017. 15:14 IST