Prosecutors investigate Bosch employees in Daimler probe: Handelsblatt
Reuters
Published May 25, 2017 10:29AM ET
Updated May 25, 2017 10:40AM ET
Prosecutors investigate Bosch employees in Daimler probe: Handelsblatt
FRANKFURT (Reuters) - German prosecutors who searched Daimler 's (DE:DAIGn) offices this week as part of a probe into diesel pollution are also investigating employees at automotive supplier Bosch [ROBG.UL], daily Handelsblatt reported, citing the prosecutor's office.
"We are investigating Bosch employees for suspected aiding and abetting in connection with the Daimler case," the paper quoted a spokesman for the Stuttgart prosecutor's office as saying.
Neither Bosch nor the prosecutor's office were immediately available for comment on the report.
Authorities searched Daimler's offices and other premises on Tuesday as part of an investigation of Daimler employees who the Stuttgart prosecutor's office said were suspected of fraud and misleading advertising connected with manipulated emissions treatment of diesel passenger cars.
The paper said the investigation was separate from an earlier probe at Bosch that was connected to a diesel emissions scandal at German carmaker Volkswagen (DE:VOWG_p).
The Stuttgart prosecutor's office launched an investigation in 2015 into whether staff at Bosch were involved in the rigging of emissions tests by Volkswagen.
In the United States, Bosch earlier this year agreed to pay $327.5 million to U.S. VW diesel owners for its role in developing engines affected by the emissions cheating. It admitted no wrongdoing in the settlement.
Handelsblatt said on Thursday a spokesman for Bosch had confirmed there was a second investigation and said the company was cooperating with authorities.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.