Photo: AP/Michael Probst

Volkswagen has already been asked to pay about $15 billion to buy back cars and mitigate environmental pollution caused by their NOx-spewing diesels. But now, Bloomberg reports, the company may have to pay another $4.3 billion to resolve the civil criminal allegations associated with Dieselgate.

That’s a huge figure, and, according to the news site’s statement from VW, would put costs associated with Dieselgate over what the automaker has set aside to cover it.

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In addition to the whopping fine, the proposed settlement includes a guilty plea to criminal charges, as well as an agreement to bolster “compliance systems,” and to assign an “independent monitor” (which sounds a lot like a babysitter) for three years.

Bloomberg says VW is reviewing the settlement in the next few days, and could increase financial provisions to help weather the scandal fallout. After that, a final agreement will need to be given the green light by the court.

The news comes just a day after a U.S. Volkswagen executive was arrested by the FBI following an indictment on a federal fraud conspiracy charge, something the company was reportedly blindsided by.

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More on this as we get it.