- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2019-04-16T20:55:00
German prosecutors have filed aggravated fraud charges against Martin Winterkorn, the former chief executive of Volkswagen, and four other unnamed managers for their involvement in the emissions-cheating scandal.
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The SEC has charged Volkswagen, two of its subsidiaries, and its former CEO, Martin Winterkorn, with defrauding U.S. investors by making deceptive claims about the environmental impact of the company’s “clean diesel” fleet.
Compliance officers and corporate defense teams in the automaker industry should review carefully the consent decrees of Fiat Chrysler and Volkswagen for key insight into the sort of compliance obligations the government will expect moving forward as emissions-cheating investigations continue to unfold.
German authorities on Wednesday fined Volkswagen a total of €1 billion (U.S. $1.2 billion) resulting from the company’s long-running emissions-cheating scandal.
Swedish telecommunications giant Ericsson announced the conclusion of the independent compliance monitorship imposed on the company following its 2019 settlement for violations of the Foreign Corrupt Practices Act.
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Swedish telecommunications company Ericsson announced its independent monitor appointed by the Department of Justice certified its compliance program satisfies the requirements ordered by the U.S. agency following its 2019 Foreign Corrupt Practices Act settlement.
