Ex-Audi CEO Gets Suspended Sentence For 'Dieselgate' Fraud Scandal
NDTV
German car giant Volkswagen -- whose subsidiaries include Porsche, Audi, Skoda and Seat -- plunged into crisis after admitting in September 2015 that it had installed software to rig emission levels in 11 million diesel vehicles worldwide.
Ex-Audi CEO Rupert Stadler received a suspended sentence and a fine at the end of his "dieselgate" trial in Germany on Tuesday, making him the first high-ranking executive to be convicted over the emissions cheating scandal that rocked the car industry in 2015.
In line with a plea deal agreed last month, Stadler avoided jail time in return for admitting to fraud by negligence.
The Munich district court instead handed Stadler a suspended sentence of one year and nine months and ordered him to pay a fine of 1.1 million euros ($1.2 million).
The 60-year-old admitted in May that he allowed vehicles potentially equipped with manipulating software to remain on sale even after learning of the scam.
