Audi CEO Arrested

Madrid: Audi AG CEO Rupert Stadler was arrested on Monday on fraud allegations, a company spokesman said.

German prosecutors named Stadler and one other Audi executive as suspects for fraud and false advertisement in the car maker's continuing emissions scandal, reports Efe news. "We confirm that Stadler has been preliminarily arrested this morning," the spokesman said, adding that a hearing to decide over possible pre-trial detention was continuing.

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Audi, Volkswagen AG's luxury car maker, declined to comment further on the issue, citing the ongoing investigations. A Volkswagen spokesman also confirmed the arrest. (IANS)