According to reports South Korea’s business watchdog will go to the court against five current or former Volkswagen AG executives and execute a massive fine, as the German auto maker’s world-wide emissions-cheating chaos continue.
Reports said that car-making giant promotion incorrectly claimed that its cars sold in Korea met the European Union’s severe Euro 5 emissions standards, the Fair Trade Commission said Wednesday.
The commission is set to impose massive fine of 37.3 billion won on Volkswagen that will be the largest ever fine it has ever put for fabricated marketing and order it to issue modified versions of its advertisements.
“The company deceived consumers with its false and exaggerated advertisements, which violated fair trade laws,” the commission said.
The report said that the five key executives include Johannes Thammer, the current chief of Audi Volkswagen Korea; Trevor Hill, who headed the Korean unit from 2007 to 2012; and André Konsbruck, currently vice president of sales for the Americas at Volkswagen’s Audi unit. The commission said it would also file complaints with prosecutors against Volkswagen and its Korean unit.
Meanwhile a representative of Audi Volkswagen Korea said the company has liaised completely with the commission’s enquiry.
“As we have not received the written decision yet, we will carefully review it before deciding on our next course of action,” the representative said. The company declined to make any one of the five executives available for comment.
An official from the selected commission said it anticipates prosecutors to inspect Volkswagen’s Korean unit and the five executives in the coming months before determining whether to charge them.
In the recent times Volkswagen have been facing string of inquiries following admittance last year that some of its diesel-powered car engines were installed with cheating software with the ability of tricking emissions tests.