Premium
This is an archive article published on June 5, 2013

Ex-Porsche CFO found guilty of fraud in VW bid

Porsche’s ex-finance chief has been convicted of fraud after a court found he provided false information during the German sports car

google-preferred-btn

Porsche’s ex-finance chief has been convicted of fraud after a court found he provided false information during the German sports car marker’s failed 2009 attempt to take over Volkswagen.

Former Porsche CFO Holger Haerter was fined an unspecified amount after being found guilty today by a Stuttgart state court,the DPA news agency reported. Haerter was convicted of providing inaccurate information when he was working on refinancing BNP Paribas’ part of a 10 billion euro loan. The ex-CFO had rejected the charges and his defense had argued for an acquittal; prosecutors wanted him to serve time in jail.

Latest Comment
Post Comment
Read Comments
Advertisement
Express shorts
Donald Trump
Trump announces TikTok deal, surprise China visit ‘early next year’ after call with Xi
World13 hr ago

Trump and Xi had a successful phone call, addressing trade, Fentanyl, and TikTok. They plan to meet at APEC Summit and for Trump to visit China, with Xi visiting the US. Congress wants TikTok to sell its US assets or shut down, but Trump has not enforced this due to the app's value and progress.

View all shorts
Live Blog

Photos

In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Trump TV license
Trump hikes H-1B visa fees to $100,000 a year in massive immigration overhaul
Canada’s NSA Nathalie Drouin and Deputy Foreign minister David Morrison
Canada NSA, minister, who fuelled India row under Trudeau, hold talks in Delhi
The Ba***ds of Bollywood has seven episodes
EntertainmentAryan Khan’s The Ba***ds of Bollywood is his way of honouring the defiance that made Shah Rukh Khan a megastar
Why has a teenage show 'The Summer I Turned Pretty' gained so much popularity among young adults and Gen X?
EntertainmentThe Summer I Turned Pretty frenzy: Team Conrad vs Team Jeremiah fight, Taylor Swift’s music, and a teenage show that won over a generation
Redditor lists 11 reasons for moving back to Canada
Trending‘India is not for us’: Gujarat Redditor lists 11 reasons for moving back to Canada after a year
Vadodara woman protest for pani puri
Trending‘2 pani puri ke liye satyagrah’: Woman’s street protest over missing golgappas brings Vadodara to a halt
Suryakumar Yadav's out-of-place comments — made months after the unfortunate events — triggered reactions and overreactions. (AP)
SportsNo handshake could have been Suryakumar Yadav's compulsion but that's where it should have ended
India Asia cup pakistan
SportsAsia Cup: Before Pakistan game, India have a bumpy ride against Oman
nepal new pm,Sushila Karki,Nepal news, Nepal, Nepal Protest, gen z pm, nepal prime minister, Sushila Karki, Nepal political crisis,Nepal parliament dissolution, Nepal interim government, Sushila Karki new Prime Minister, Indian express news, current affairs
OpinionIn Nepal, a big ask
Jerome Powell, Chair of the Federal Reserve, speaks at a press conference at the Federal Reserve, in Washington, July 30, 2025.
ExplainedExplainSpeaking: Understanding US Fed’s dual mandate dilemma through 6 quotes from Jerome Powell
Mini Mathur details her perimenopause journey
Lifestyle'Invite me for lunch but not for dinner': Mini Mathur shares things she no longer does in perimenopause
tech
TechnologyTech is important, but trust is key when working with rural communities: Veena Srinivasan, Founder, WELL Labs
Advertisement
Must Read
SportsNo handshake could have been Suryakumar Yadav's compulsion but that's where it should have ended
Suryakumar Yadav's out-of-place comments — made months after the unfortunate events — triggered reactions and overreactions. (AP)
SportsAsia Cup: Before Pakistan game, India have a bumpy ride against Oman
India Asia cup pakistan
SportsNeeraj Chopra's former coach Dr Klaus Bartonietz gives expert view on Sachin Yadav's technique: 'Stable left side, fast front leg plant'
Sachin Yadav javelin
TechnologyTech is important, but trust is key when working with rural communities: Veena Srinivasan, Founder, WELL Labs
tech
TechnologyEchelon rechargeable keyboard and mouse review: Value for money access to your Mac 
The Echelon combo is a strong value choice for those looking to enhance their macOS setup.
TechnologyWhy Meta’s new Ray-Ban Display smart glasses are Apple’s biggest threat
Meta CEO Mark Zuckerberg shows off the new Ray-Ban Display smart glasses during the company's Connect developer conference on September 17 in Menlo Park, California. (Image credit: Anuj Bhatia/Indian Express)
Lifestyle'Invite me for lunch but not for dinner': Mini Mathur shares things she no longer does in perimenopause
Mini Mathur details her perimenopause journey
Advertisement
Buzzing Now
Trending‘India is not for us’: Gujarat Redditor lists 11 reasons for moving back to Canada after a year
Redditor lists 11 reasons for moving back to Canada
Trending‘2 pani puri ke liye satyagrah’: Woman’s street protest over missing golgappas brings Vadodara to a halt
Vadodara woman protest for pani puri
Trending‘Police cannot reach in 10 minutes’: Blinkit delivery partner’s viral video exposes dark side of fast deliveries; says companies overlook rider’s problems for profits
blinkit delivery partner viral video
Trending‘Solving problem with another problem’: Man slaps gutka spitters, makes them do sit-ups on road, viral video sparks backlash online
Man slaps gutka spitters punjab viral video
Trending‘Can’t even get 3.5 LPA’: Redditor who applied for over 100 jobs highlights harsh truth of India’s job market
Redditor highlights harsh truth of India’s job market
Sep 20: Latest News
Advertisement