Former VW Personnel Chief Admits to Bribing Union Officials

Former VW Personnel Chief Admits to Bribing Union Officials

Filed under: CES, Etc., Government/Legal, Volkswagen
Back in the summer of 2005 the headlines of international magazines and newspapers were peppered with a scandal that included bribery, sex, and corruption. No, Dallas wasn't making a comeback, it was automotive giant VW and the scandal involved 2.5 million dollars in payoffs to VW Works' Council Chief Klaus Volkert and another $500k to Volkert's Brazilian lover. Those payments were used between 1994 and 2005 to bankroll sexcapades and lavish trips to Brazil and Lisbon.

In the first of four trials linked to the elaborate scandal, former Chief of Personnel Peter Hartz has confessed to paying the bribes and will receive a suspended two year sentence and a $750,000 fine. Hartz insists he acted alone in arranging the trips, yet the VW management trials will continue later this year. We're sure VW executives can't wait for all of this negative press to end. Maybe a trip to South America will help to ease the pain. We kid.

[Source: Business Week]

Read | Permalink | Email this | Comments
BOLD MOVES: THE FUTURE OF FORD A new documentary series. Be part of the transformation as it happens in real-time

Article published by CES

http://auto.ruip.net
from All Auto News company


Partners Menu Home Site search After Market Maintenance Marketing/Advertising Motorsports Plants/Manufacturing Podcasts Safety Spy Photos Tech Time Warp Trends Tuner Auto Videos Commercial Trucks I.C.E. Hirings/Firings Ask Autoblog Auction Action Audio Car Buying CES China Concept Cars Contests Earnings Gadgets Garage Government/Legal Green Convertibles Archive	Site search: Subscribe in a reader
	Former VW Personnel Chief Admits to Bribing Union Officials Filed under: CES, Etc., Government/Legal, Volkswagen Back in the summer of 2005 the headlines of international magazines and newspapers were peppered with a scandal that included bribery, sex, and corruption. No, Dallas wasn't making a comeback, it was automotive giant VW and the scandal involved 2.5 million dollars in payoffs to VW Works' Council Chief Klaus Volkert and another $500k to Volkert's Brazilian lover. Those payments were used between 1994 and 2005 to bankroll sexcapades and lavish trips to Brazil and Lisbon. In the first of four trials linked to the elaborate scandal, former Chief of Personnel Peter Hartz has confessed to paying the bribes and will receive a suspended two year sentence and a $750,000 fine. Hartz insists he acted alone in arranging the trips, yet the VW management trials will continue later this year. We're sure VW executives can't wait for all of this negative press to end. Maybe a trip to South America will help to ease the pain. We kid. [Source: Business Week] Read \| Permalink \| Email this \| Comments BOLD MOVES: THE FUTURE OF FORD A new documentary series. Be part of the transformation as it happens in real-time Article published by CES
	http://auto.ruip.net from All Auto News company