- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
A significant source of funding or loan guarantees for VW may have become impaired, making the emissions-testing scandal and the attendant penalty phase potentially even more damaging for the automaker.
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Shareholders seeking damages worth €9.2 billion (U.S. $10.6 billion) have taken German car giant Volkswagen to court in Germany for failing to inform them fully of the financial impact that the emissions cheating scandal would have on the company’s share price.
At Compliance Week 2018 on Tuesday, Hiltrud Werner, head of integrity and legal affairs at Volkswagen Group, spoke of how VW is recovering from a recent scandal and trying to emerge a stronger, better company from lessons learned.
Eight business executives, including the billionaire owner of Indian energy company Adani Group, were charged with fraud for their alleged roles in a multi-million bribery scheme to win a solar energy contract in India.
