July 27, 2006

Volkswagen files criminal charges related to bribery scandal

Wolfsburg, Germany – Volkswagen AG has filed criminal charges with the Public Prosecutor’s Office in Frankfurt, Germany, in connection with corruption in the automotive supplier industry. The present inquiry includes investigations into employees of a French parts supplier, who are suspected of paying bribes to individual purchasing managers at several automakers, in return for preferential treatment on orders.

The Volkswagen complaint has been filed against “all persons whose actions may be detrimental to Volkswagen Aktiengesellschaft with regard to all possible criminal acts.”

“We will not tolerate any illegal dealings and will use all the means at our disposal to proceed against anyone who breaks the law and harms our company,” says Dr. Bernd Pischetsrieder, Chairman of the Board of Management of Volkswagen AG. “That holds true for both our own employees and those of our business partners. Our company stands up in defense of the many thousand employees and business partners who go about their daily business beyond reproach in a truly professional manner. We will, however, proceed relentlessly against the few black sheep who inflict economic harm on the company, in some cases with great criminal energy. Our anti-corruption guidelines are perfectly clear. There is no room at Volkswagen for corrupt employees.”

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