AIRLINK 74.29 Increased By ▲ 0.04 (0.05%)
BOP 5.09 Increased By ▲ 0.04 (0.79%)
CNERGY 4.41 Decreased By ▼ -0.01 (-0.23%)
DFML 37.50 Increased By ▲ 1.66 (4.63%)
DGKC 90.73 Increased By ▲ 2.73 (3.1%)
FCCL 22.58 Increased By ▲ 0.38 (1.71%)
FFBL 32.91 Increased By ▲ 0.19 (0.58%)
FFL 9.74 Decreased By ▼ -0.05 (-0.51%)
GGL 10.90 Increased By ▲ 0.10 (0.93%)
HBL 115.90 No Change ▼ 0.00 (0%)
HUBC 135.98 Increased By ▲ 0.14 (0.1%)
HUMNL 10.03 Increased By ▲ 0.19 (1.93%)
KEL 4.61 No Change ▼ 0.00 (0%)
KOSM 4.79 Increased By ▲ 0.13 (2.79%)
MLCF 40.40 Increased By ▲ 0.52 (1.3%)
OGDC 137.79 Decreased By ▼ -0.11 (-0.08%)
PAEL 26.60 Increased By ▲ 0.17 (0.64%)
PIAA 25.77 Decreased By ▼ -0.51 (-1.94%)
PIBTL 6.78 Increased By ▲ 0.02 (0.3%)
PPL 123.05 Increased By ▲ 0.15 (0.12%)
PRL 26.84 Increased By ▲ 0.15 (0.56%)
PTC 13.95 Decreased By ▼ -0.05 (-0.36%)
SEARL 58.88 Increased By ▲ 0.18 (0.31%)
SNGP 70.00 Decreased By ▼ -0.40 (-0.57%)
SSGC 10.40 Increased By ▲ 0.04 (0.39%)
TELE 8.59 Increased By ▲ 0.03 (0.35%)
TPLP 11.19 Decreased By ▼ -0.19 (-1.67%)
TRG 64.50 Increased By ▲ 0.27 (0.42%)
UNITY 26.20 Increased By ▲ 0.15 (0.58%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,847 Increased By 8.5 (0.11%)
BR30 25,523 Increased By 63.1 (0.25%)
KSE100 75,095 Increased By 164.1 (0.22%)
KSE30 24,152 Increased By 6 (0.02%)
Top News

Police raid Daimler offices in emissions fraud probe

  BERLIN: German police on Tuesday searched the offices of Daimler as part of their investigation into possible
Published May 23, 2017

 

BERLIN: German police on Tuesday searched the offices of Daimler as part of their investigation into possible manipulation of emissions data by employees at the auto giant.

Some 23 prosecutors and 230 police officers participated in the search of 11 sites in the states of Baden-Wuerttemberg, Berlin, Lower Saxony and Saxony, police said in a statement.

"The company is fully cooperating with the authorities," said Daimler, which owns Mercedes-Benz.

The group added that the investigation targeted "known and unknown employees of Daimler AG over suspicion of fraud" and misleading advertising related to the possible manipulation of exhaust gas emissions in passenger cars with diesel engines.

Germany's powerful automobile sector has been hard hit by revelations that car giant Volkswagen fitted emissions cheating devices into 11 million diesel engines worldwide.

Since the scandal broke in September 2015, other carmakers have also come under scrutiny.

VW has so far set aside more than 22 billion euros ($24.4 billion) to cover fines and compensation related to the fraud.

But experts estimate that the final bill could be far higher.

 

Copyright AFP (Agence France-Press), 2017
 

 

 

 

Comments

Comments are closed.