VW Sex Scandal Implicates Ferdinand Pich

Robert Farago
by Robert Farago

BusinessWeek reports that VW board member Ferdinand Piëch is in the crosshairs in the German automaker's sex and bribery scandal. You may recall that VW took a bit of heat when investigators discovered that management had slipped $2.9m in secret payments to VW labor boss and supervisory board member Klaus Volkert. Oh, and $518k to Volkert's Brazilian former lover Adriana Barros. Two years after the initial revelations, Volkert's trial is finally underway, and the union boss is singing like a Kanarienvogel. Volkert's lawyer has produced a smoking gun: a letter signed by Piëch authorizing the illegal payments. The development jibes with claims made by Klaus-Joachim Gebauer, the personnel manager on trial for his part in the crime. Gebauer has already testified that VW's executive board knew about the slush funds, since they triggered monthly reports on budget overruns (filed as "executive board miscellaneous"). Since the scandal first broke, Piëch has denied any knowledge of the pay-offs. It's unlikely VW's largest stockholder will face perjury charges, but not impossible. [thanks to starlightmica for the link]

Robert Farago
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  • VLAD VLAD on Nov 29, 2007

    starlightmica, Looks like she punched way above her weight.

  • Starlightmica Starlightmica on Nov 29, 2007

    Hippo: At risk of turning this into a FARK.com comments thread: "more cushin' for the pushin'!"

  • VLAD VLAD on Nov 29, 2007

    Yes, I should have said that she looks like she has a great personality.

  • Akitadog Akitadog on Nov 29, 2007

    KatiePuckrik, as awesome as the Veyron is, it really was a waste of money to develop. More like a childhood dream than a sound business decision, as they lose money on every one they build. I mean, c'mon. Also, the Phaeton? I knew that thing was a sales loser the moment I first read about it/saw it. Why buy one when for the same money you could have had a better-looking, lighter (ergo quicker/faster), more luxurious A8? I think Piech is developing grumpy-old-man syndrome, where he's gonna do what he wants to do, dammit. It came back to bite him on the arse. And yes, that photo is very Mr. Burns-esque.