The CEO of Audi arrested in Germany

When a large corporation in the United States has committed massive fraud, the CEO usually retires with a large bonus and the corporation receives a modest cost-of-business fine. But Audi CEO Rupert Stadler, was actually arrested and detained this morning in his role in the emissions test cheating scandal that has plagued Volkswagen, Audi's parent company.

From CNBC:

A spokesman for Porsche SE, the company that controls VW and Audi, said Stadler's arrest would be discussed at a supervisory board meeting on Monday.

VW admitted in September 2015 to using illegal software to cheat U.S. emissions tests on diesel engines, sparking the biggest crisis in the company's history and leading to a regulatory crackdown across the auto industry.

The United States filed criminal charges against former VW CEO Martin Winterkorn in May, but he is unlikely to face U.S. authorities because Germany does not extradite its nationals to countries outside the European Union.

Image: ITU Pictures/Flickr, Attribution 2.0 Generic (CC BY 2.0)