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Latest Business News

Ex-VW Workers' Rep Guilty

Friday, February 22, 2008 7:37:40 AM
BY CLAUS-PETER TIEMANN

BRAUNSCHWEIG, Germany (AP) - The former head of Volkswagen AG's employee council was convicted for his role in a broad corruption scandal at the automaker.

A Braunschweig court found Klaus Volkert guilty of 48 counts of inciting fraud against VW and sentenced him to two years and nine months in prison for his role in arranging illegally, among other things, trips abroad and prostitutes for employee representatives.

Prosecutors said Volkert illegally paid out nearly $3 million in special bonuses, and nearly $590,000 to his former lover.


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