German prosecutors are investigating the chief executive of Volkswagen's Po...
FILE PHOTO: Oliver Blume, CEO of Porsche AG, speaks during a Porsche press conference at the Los Angeles Auto Show in Los Angeles, California, U.S. November 28, 2018. REUTERS/Kyle Grillot/File Photo
By approving the payments, Blume and other Porsche staffers may have contributed towards a misuse of corporate funds, the Stuttgarter Nachrichten said, without citing sources. Stuttgart prosecutors said on Tuesday they had searched Porsche’s offices as part of a broader probe involving 176 police and tax inspectors as well as 10 state prosecutors.
Stuttgarter Nachrichten said on Wednesday Blume’s offices were searched in connection with this probe.
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