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FBI arrests Volkswagen executive for fraud

Published by PM News on Mon, 09 Jan 2017


The Federal Bureau of Investigation arrested a Volkswagen AG executive on charges of conspiracy to defraud the U.S., the media reported on Monday. Oliver Schmidt, who headed the company's regulatory compliance office in the U.S. from 2014 to march 2015, was arrested on Saturday by federal investigators in Florida. Schmidt is expected to be brought []
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