Volkswagen, former CEO charged for defrauding US investors

US SEC has charged German multinational automaker Volkswagen, along with two of its subsidiaries and former CEO Martin Winterkorn for defrauding US investors during its 'Dieselgate' scandal. SEC alleged Volkswagen issued $13 billion in bonds and securities in the US from April 2014 to May 2015, despite knowing five lakh of its vehicles in market failed to meet emissions standards.