3 officials face credit fraud charges over Porsche VW bidMarch 6, 2012 - 15:31 AMT PanARMENIAN.Net - German prosecutors have filed credit fraud charges against three officials with Porsche Automobil Holding SE, alleging they gave false information about the options the company held on Volkswagen AG share during a failed takeover attempt, The Associated Press reported. Prosecutors in Stuttgart, where Porsche is based, didn't name the three or specify whether they are still with the company. In a statement Tuesday, March 6, they said only that the three worked in the finance department. Prosecutors allege that, in answer to a query from a bank during negotiations on financing, the three understated by some euro1.4 billion ($1.8 billion) Porsche's funding needs if it exercised all its options on VW shares.   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
