Porsche under investigation

* Documents seized * Suspicion of market manipulation * Porsche denies allegations...

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What Car? Staff
20 Aug 2009 16:25 | Last updated: 14 Jun 2018 00:03

The German authorities have launched an investigation into Porsche's business actions.

Officials with judicial search warrants arrived at Porsche's headquarters in Stuttgart today, and seized numerous business documents during a search of the premises.

The German public prosecutor's office says there is suspicion that the company may have breached the publication duty as required by the German Stock Corporation Act, and furthermore of market manipulation.

Porsche says that it rejects these allegations, and that the company is cooperating with the public prosecutor's office in order to clarify the issue as quickly as possible.