Porsche worker targeted in VW share investigation
GERMAN prosecutors have raided the apartment of another Porsche employee as part of a probe into the alleged market manipulation of Volkswagen shares
A Porsche spokesman confirmed that another apartment had been searched last Friday.
The apartment of an employee who is not at management board level was searched, two people familiar with the investigation said.
During the search, material was found on a computer, one of these people said.
Porsche has said that among the people being investigated are the former chief executive Wendelin Wiedeking and former chief financial officer Holger Haerter.
Also being targeted is a bank in Frankfurt which has been executing trades on Porsche’s behalf. Investigators are probing whether Porsche passed on insider information to a third party.