"Criminal energy at work," is how German prosecutors are describing an alleged scheme hatched by staff from Volkswagen's Skoda division. The unnamed employees reportedly solicited kickbacks from suppliers and set-up front companies to score supply contracts related to projects in India and Angola. It's likely investigators will take months to untangle a Web of fraud that could lead all the way to the Skoda's upper ranks, damaging Volkswagen's reputation in the eyes of shareholders, labor leaders and the German public.
VW shareholder calls for thorough corruption probe [Reuters]
VW hands documents to prosecutors investigating bribery allegations [The Detroit News]
Related:
New Skoda Yeti Concept to Debut in Geneva
Advertisement