Bild: German prosecutors launched an investigation against the former head of Volkswagen

ECONOMY

BERLIN, July 29. /Basereporter.com/. Prosecutors of the German city Braunschweig (Federal land lower Saxony) launched an investigation against the former head of German carmaker Volkswagen, Martin Winterkorn on suspicion of tax crimes. This was reported in the Sunday newspaper Bild am Sonntag with reference to sources in the investigation.

According to the publication, the suspicions of law enforcement agencies called made in 2016 and 2017 transfers of large sums from Germany to Swiss Bank accounts. We are talking about approximately €10 million, which may not have been paid in taxes.

Winterkorn transferred funds from one of their accounts opened with the Bank Sparda Bank, in a trust, a tax consultant, where the money then went to Zurich – financial institution Vontobel, including the account allegedly owned by the wife of the former head of Volkswagen. Investigators believe that from the amount needed to pay taxes in the amount of more than €500 thousand.

Earlier the Prosecutor’s office opened a case against Winterkorn on suspicion of market manipulation. Investigators believe that he knew about the manipulation of the emissions of harmful substances in vehicles produced by the concern, but being its leader, were not notified about the potential risks for financiers and investors.

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