(Reuters) – Prosecutor in the German city of Stuttgart has abolished a market investigation investigation of former Volkswagen CEO Martin Winterkorn, citing a criminal case against him in the city of Braunschweig.
Prosecutors in Stuttgart had looked into whether Mr Winterkorn had manipulated markets by delaying the revelation of VW's 2015 emissions scandal.
Until his retirement in 2015 after the scandal, Mr Winterkorn was both CEO of Volkswagen and of the Group's principal owner, Stuttgart-based Porsche SE. little significance compared to what may result from the Braunschweig procedure.
A lawyer for Mr Winterkorn has said that his client denies
If Winterkorn were to be acquitted by the Braunschweig court in Stuttgart, prosecutors could decide to resume their investigation, she said.