Ex-Volkswagen staff charged over ₹2.90 cr insider trading gains

The US Department of Justice has charged two former Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud. The charges stem from an alleged insider trading scheme tied to a joint venture between Volkswagen and electric vehicle maker Rivian. Stamp and Plank made more than $300,000 (nearly ₹2.90 crore) with nonpublic information obtained through employment about the venture.