VW investors want independent inquiry into emissions scandal

June 19, 2016

0,,19208480_303,00According to German media reports on Saturday, some of Volkswagen’s investors are calling for an independent investigation into the company’s emissions cheating scandal. The “Frankfurter Allgemeine Sonntagszeitung” (FAS) newspaper wrote that an official request is to be submitted at a major shareholders meeting on Wednesday. “As soon as the shareholders have agreed, we can go to the court and begin the special inquiry that way,” said Hans-Christoph Hirt of the investment firm Hermes, in an interview with the paper. Hirt added that “the VW governing body is lacking independence and relevant knowledge. There are clear gaps in competence.”

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