USA, Germany and France expanded the investigation into Volkswagen

USA, Germany and France expanded the investigation into Volkswagen

Moscow. March 9. The U.S. government, France and Germany to expand the investigation against the German automaker Volkswagen in connection with the manipulation of data on emissions of nitrogen oxides, writes The Wall Street Journal.

The U.S. Department of justice for this purpose resorted to the reform act, the restoration and control of financial institutions in 1989 (the Financial Institutions Reform, Recovery and Enforcement Act, FIRREA), which after the 2008 crisis were used against the largest banks.

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Allegations of violation of this law through loans can become for Volkwagen another source of problems in the United States. For the first time in the history of the country’s banking legislation would be used to prosecute violations not directly related to the financial industry.

This approach “pushes the limits of using legal theory to the limits,” says Professor of jurisprudence at Columbia University, expert on financial crime, John Coffey.

Meanwhile, German prosecutors have increased the number of suspects in the case of Volkswagen up to 17 people.

In France at the end of the preliminary investigation formally opened proceedings in the case of “fraud in especially large size” against the German group.

According to a member of the Board of Volkswagen, Bernd Osterloh, who heads the Council of labour collective of the company, it may be forced to reduce jobs in the US and Europe in case of significant fines following investigations. According to The Guardian, Osterloh urged regulators to consider the potential loss of jobs when making decisions.

In Europe with 120 Volkswagen employs more than 600 thousand people, including 270 thousand in Germany. The plant of the concern Chattanooga (USA), employed about 2.2 million people.

The Volkswagen scandal erupted in September 2015 after the EPA revealed that the company installed in its vehicles with diesel engines are computer programs that during inspections understate the indicators of harmful emissions. In total, the number of cars subject to the recall, more than 11 million

In 2015, Volkswagen has earmarked 6.7 billion euros in connection with the diesel scandal, however, experts believe that this amount will be insufficient. The claim of one only of the American Ministry of justice to the group is estimated at $46 billion.

In addition to the eponymous brand, the German automaker owned by Volkswagen passenger cars brand Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Skoda, Ducati motorcycles, trucks MAN, Scania and Volkswagen Commercial.