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Volkswagen is approaching € 10m from former boss Martin Winterkorn

Volkswagen has suggested that shareholders receive a sum of 10 million euros from former Martin Martinkkorn bosses, according to people familiar with the matter.

A German car manufacturer announced in March that it would happen seek hardship From Winterkorn, the former director of the group for leading the diesel emissions fraud in 2015.

The case, in which 11m vehicles were found to have programs that cheated air tests, paid VW more than € 32bn in fines and fines to date.

Volkswagen idea to sue Winterkorn, who resigned as a senior soon after the embarrassment was announced, he came after a full Dieselgate report suspended by law firm Gleiss Lutz was released this year.

The report, led by VW’s management committee, confirmed that “negligent breaches had taken place” at a large company.

The second-largest car manufacturer in the world later criticized Winterkorn for being aware of the existence of illegal software since July 27, 2015 but failed to “explain the status quo” of how it is used.

In addition, VW said former bosses “have failed to ensure that questions asked by US officials in this regard are answered honestly, completely and promptly”.

VW management also confirmed that Rupert Stadler, a former Audi boss, had violated his job, as did four other managers. Stadler denies any wrongdoing.

Winterkorn has denied the charges against him. His successors’ lawyers said in March that during Dieselgate, “he had done everything necessary and had not abandoned anything… To prevent or reduce the damage”.

Over the weekend, complaints and all opposition in March were discussed at a VW steering committee meeting and comments will be made to participants next month, at the company’s annual general meeting.

The € 10m fixed price by Winterkorn was first reported by Business Insider. The VW confirmed the decisions of the steering committee but declined to comment on their findings.

Winterkorn is facing a different charge of fraud and is due to be tried in Germany in September. He has also been tried in the US but could not be tested there as Germany does not offer its citizens. He denies the charges.

Stadler is being tried in Munich, in a case that is set to last several months.

At their meeting, VW voted to nominate Di Dieter Pötsch, who will take over the reins at the end of 2015.

Last year, VW agreed to pay a € 9m fine to close the case that Pötsch, the current chief executive of Herbert Diess, who joined VW in July 2015, was also accused of selling the markets in the wake of the Dieselgate scandal.

German protesters accused the duo of hiding to shareholders that there were no fraudulent weapons, thereby “disrupting corporate value”.

VW’s stock fell more than 40% after the bombing, clearing billions of euros of its market value.

The company said the charges against Pötsch and Diess were baseless.


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