German prosecutors said on Monday that they had begun an investigation of the former chief executive of Volkswagen for possible violations of securities laws in connection with the company’s emissions scandal.
Prosecutors said they opened the investigation against the former Volkswagen chief, Martin Winterkorn, at the behest of Germany’s financial watchdog. He is suspected of having waited too long to disclose that the company faced an investigation in the United States, prosecutors in the city of Braunschweig said in a statement.
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