Germany: 3 Porsche execs accused of fraud

Two Porsche managers and former Porsche SE Chief Financial Officer Holger Haerter have been accused of credit fraud in relation to statements made to a bank when it refinanced a €10bn (US$13.1bn) loan. Bloomberg reports that the three individuals have been charged by the state prosecutor with understating Porsche's liquidity Subscribe to Automotive World to … Continued

• By Webmaster
• March 7, 2012