Diesel scandal: Former CEO of Volkswagen will pay કંપની 13 million to the company

- The company was overwhelmed by the scam of cracking down on pollution regulations

- The company had to pay a hefty 31 billion euros in fines for illegal software usage scams

New Delhi: Former CEO Martin Wintercorn has agreed to pay 1.17 million euros (૧ 1.8 million) for his role in the diesel engine scam, Volkswagen said on Wednesday. The company had scammed its diesel engines to show the high level of efficiency of its engines by cracking down on anti-pollution regulations. Such a scam in diesel vehicles brought the reputed company into disrepute. The German auto company said it owed ૨૭ 30 million (૩૨ 25 million) in liability insurance for losses incurred by the actions of directors and officers.

The company said in a statement that Wintercorn had not fulfilled its duty as CEO, and that the company had conducted a comprehensive investigation into the matter by a law firm.

U.S. The Environmental Protection Agency caught Volkswagen using software that allowed its car to pass anti-pollution tests and turn off air pollution control while driving normally.

Wintercorn resigned after being issued a breach notice by the EPA on September 17, 2016, but denied any wrongdoing. Volkswagen apologized for the issue and paid a whopping અ 21 billion in fines, including recall costs and compensation to car owners.

U.S. environmental regulators warned in May 2016 that such pollution regulations would be flouted. The warning follows a study by the University of West Virginia's Center for Alternative Fuels, Engines and Emissions. Although Volkswagen has so far insisted that the increase in pollution is a technical problem, it has not been caused by illegal software. During an investigation since July 6, 2016, Wintercorn failed to provide a comprehensive and urgent explanation for the circumstances surrounding the illegal use of software in a 2.0-liter diesel engine car sold in the United States between 2006 and 2013. The company said Wintercorn also failed to ensure that the company provided truth, full detail and without delay to American regulators.

This was followed by a settlement with other former executives of Volkswagen. Under the settlements, Rupert Stadler, former head of the Audi luxury car division, will pay 2.1 million euros, Stephen Nirsh, former head of the Audi executive, 1 million euros and Wolfgang Hatz, a former Porsche executive, 1.3 million euros. Porsche is part of the Volkswagen Group.