FRANKFURT, Feb 12: German prosecutors said on Tuesday they have extended their probe into suspected stock price manipulation at sports car maker Porsche.

The investigation had now been widened to include “everyone who sat on the supervisory board of Porsche’s holding company between March and October 2008, as well as a former employee,” a spokesman for prosecutors said. That means that Ferdinand Piech, supervisory board chief of Europe’s biggest carmaker Volkswagen, Porsche supervisory board boss Wolfgang Porsche and works council head Uwe Hueck are now implicated in the probe.

The accused are being investigated on suspicion of “complicity to manipulate the market,” the spokesman added. In December, prosecutors charged Porsche’s former chief executive Wendelin Wiedeking and former finance chief Holger Haerter with manipulating Porsche’s share price in connection with the — ultimately unsuccessful — attempt to take over Volkswagen. Wiedeking and Haerter allegedly made false statements in public with regard to Porsche’s intentions in 2008.—AFP

Opinion

Editorial

Budget presser
14 Jun, 2026

Budget presser

OFFICIAL post-budget media briefings in Pakistan are carefully choreographed affairs, full of reassuring phrases ...
Muharram precautions
14 Jun, 2026

Muharram precautions

WITH Muharram due to start next week, the authorities have already begun annual exercises to ensure that the ...
Blood bequests
14 Jun, 2026

Blood bequests

WORLD Blood Donor Day offers a moment of “gratitude, advocacy and renewed commitment” for thalassaemia patients...
Sustainable path?
Updated 13 Jun, 2026

Sustainable path?

The FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth.
Prioritising education
13 Jun, 2026

Prioritising education

THOUGH the improvement in the country’s literacy rate may be slight, as highlighted by the Economic Survey, it ...
Poverty’s rise
13 Jun, 2026

Poverty’s rise

AS attention turns to the government’s plans for the coming fiscal year, one set of figures deserves particular...