Advertisement
UK markets close in 9 minutes

  • FTSE 100

    7,821.07
    -144.46 (-1.81%)
     

  • FTSE 250

    19,385.05
    -313.84 (-1.59%)
     

  • AIM

    739.76
    -10.52 (-1.40%)
     

  • GBP/EUR

    1.1702
    -0.0009 (-0.08%)
     

  • GBP/USD

    1.2438
    -0.0008 (-0.07%)
     

  • Bitcoin GBP

    50,042.03
    -1,881.09 (-3.62%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,051.82
    -10.00 (-0.20%)
     

  • DOW

    37,795.99
    +60.88 (+0.16%)
     

  • CRUDE OIL

    85.55
    +0.14 (+0.16%)
     

  • GOLD FUTURES

    2,406.20
    +23.20 (+0.97%)
     

  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     

  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     

  • DAX

    17,748.29
    -278.29 (-1.54%)
     

  • CAC 40

    7,923.98
    -121.13 (-1.51%)
     
Money:

How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

VW ex-CEO sticks to denial of early knowledge of scandal

Reuters
Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker's emissions scandal in Berlin, Germany, January 19, 2017. REUTERS/Hannibal Hanschke

BERLIN (Reuters) - Former Volkswagen (VOWG_p.DE) Chief Executive Martin Winterkorn maintains that he did not learn of the carmaker's manipulations of emissions tests earlier than VW has officially admitted, his lawyer said in a statement.

Prosecutors in Braunschweig earlier on Friday said they are investigating the former Volkswagen CEO over suspicions of fraud, citing indications that Winterkorn may have known about the cheat software sooner than he has said publicly.

"For now, Winterkorn is sticking with the statement he made before a German parliamentary committee of inquiry (into the scandal) on Jan. 19," a Frankfurt-based lawyer for Winterkorn said in an emailed statement.

In that hearing, Winterkorn refused to say when he first learned about systematic exhaust emissions cheating but said it was no earlier than VW has officially admitted.

(Reporting by Andreas Cremer; Editing by Christoph Steitz)