Ex-Continental CFO Schaefer faces criminal probe in VW diesel scandal

Continental finance chief Schaefer — Schaefer's contract with Continental was abruptly terminated over issues related to the supplier's role in the VW diesel scandal. (Markus Hibbeler/Bloomberg)

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By:

Bloomberg

November 19, 2021 02:20 PM

Continental's former Chief Financial Officer Wolfgang Schaefer, whose contract was abruptly terminated this week, and two other former executives, are among the 61 suspects German prosecutors have been investigating over the supplier's role in the Volkswagen Group diesel scandal.

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