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Indicted VW exec seeking release on bail over US objection

9 months 5 days 10 hours ago Thursday, January 12 2017 Jan 12, 2017 January 12, 2017 7:23 AM January 12, 2017 in News
Source: WBRZ

MIAMI - A high-ranking Volkswagen AG executive indicted in the company's U.S. emissions scandal is seeking release on bail over the objections of federal prosecutors.

A detention hearing for 48-year-old Oliver Schmidt is scheduled Thursday in Miami, where he was arrested on a visit to the U.S. from Germany. Five other Volkswagen executives have also been charged in an indictment released Wednesday in Detroit.

Prosecutors say Schmidt should remain jailed until the case is resolved because he might flee to Germany. Schmidt's lawyers insist he would remain in the U.S. if released.

The charges are part of the government case against VW for knowingly selling diesel vehicles that didn't meet U.S. emissions standards. The company itself has agreed to plead guilty on the criminal case and pay a record $4.3 billion penalty.

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