Volkswagen dragged out a probe into whether it defrauded bond investors by omitting details of its efforts to cheat on diesel-emissions tests, the SEC says
WASHINGTON—Volkswagen AG dragged out a federal investigation into whether it defrauded U.S. bond investors who weren’t told about its efforts to cheat on diesel-emissions tests, according to the government.
The Securities and Exchange Commission, in a Monday federal court filing, explained why it took so long to sue Volkswagen and its former chief executive officer after the auto maker pleaded guilty in 2017 to criminal charges over the diesel-cheating scandal. In May, a federal judge in San Francisco questioned the SEC over...
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