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Arrested Audi CEO Rupert Stadler leaves company

October 2, 2018 2:28 PM
23 0

The company added that the settlement of contractual details “depends on the course and outcome of the criminal proceedings.”

After Stadler was arrested in mid-June, Audi temporarily relieved him of his duties at his own request and named sales chief Abraham ‘Bram’ Schot as interim CEO.

German prosecutors ordered Stadler’s arrest due to fears he might try to evade justice. A week earlier, authorities had searched his private residence on suspicion of fraud and indirect improprieties with documents.

Source: thestar.com

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