Former Volkswagen CEO Martin Winterkorn may be able to keep a $12 million bonus despite charges of fraud and embezzlement in the company's diesel scandal
wrote that Winterkorn was accused of knowing about the emissions cheating as early as 2014 but not informing regulators or customers about it. Winterkorn's bonuses weren't the only ones in focus, as Bloomberg wrote that prosecutors also sought bonus money from the other involved managers.
"Although he was aware that the vehicles were wrongfully advertised with special environmental features, he deliberately did not stop further marketing of the vehicle." In terms of the money, the judge found no direct link between the diesel fraud and bonus payments given to the board members. Thus, the collection of over $12 million demanded by the public prosecutor's office is off the table and Winterkorn is likely to keep his bonus.
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