(Bloomberg) --
ADVERTISEMENT
Two former Volkswagen AG management board members and two other managers were charged by German prosecutors for paying too much to labor representatives.
ADVERTISEMENT
The men were charged with breach of trust for overpaying several members of the carmaker’s works council from May 2011 to May 2016, the Braunschweig Prosecutors’ Office said in an emailed statement.
It didn’t identify the men. The alleged crime caused a loss of 5 million euros ($5.5 million), according to the release.
©2019 Bloomberg L.P.
RECOMMENDED FOR YOU
POPULAR
1
SEBI Unveils New Framework For Stock Exchanges To Oversee Research Analysts, Investment Advisers
2
L&T Technology Services Inks 45 Million Euro Deal With Forvia For Engineering Activities
3
Four In Ten Health Insurance Policyholders Struggle During Claim Processing: Survey
4
Dabur Q4 Results: Profit Up 16.5%, Margin Expands On Lower Costs
5