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Volkswagen said in a statement on Sunday that it had been aware of the allegations for some time. “The presentation by the witness P. is emphatically rejected as inaccurate.”. The diesel issue was the subject of a number of discussions with Poetsch in the summer of 2015, Volkswagen said. “However, none of these discussions had the content and quality which could have made capital markets law relevant for Mr. Poetsch.”. Volkswagen added that until the publication of the Notice of Violation by the U.S. authorities on September 18, 2015 it did not have sufficiently concrete indication of a situation that could be share price sensitive.
Poetsch became VW chairman shortly after the “Dieselgate” scandal broke in 2015, Plaintiffs in a market manipulation lawsuit in Germany say Volkswagen failed in its duty to inform investors about the potential financial implications of the emissions test cheating, which has so far cost the company 27.4 billion euros in penalties and fines, The company has argued it did not inform investors of the issue because it did not want to endanger the chance swarovski blue x cufflinks of reaching a settlement with the U.S, authorities..
BEIJING/OTTAWA (Reuters) - China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, calling the case “extremely nasty”. Meng Wanzhou, Huawei’s global chief financial officer, was arrested in Canada on Dec. 1 and faces extradition to the United States, which alleges that she covered up her company’s links to a firm that tried to sell equipment to Iran despite sanctions.
The executive is the daughter of the founder of Huawei, If extradited to the United States, Meng would face charges of conspiracy to defraud multiple financial institutions, a Canadian court heard on Friday, with a maximum sentence of 30 years for each charge, No decision was reached at the extradition hearing after nearly six hours of arguments and counter-arguments, and the hearing was adjourned until Monday, In a short statement, China’s Foreign Ministry said that swarovski blue x cufflinks Vice Foreign Minister Le Yucheng had issued the warning to release Meng to Canada’s ambassador in Beijing, summoning him to lodge a “strong protest”..
Adam Austen, a spokesman for Canadian Foreign Minister Chrystia Freeland, said Saturday there is “nothing to add beyond what the Minister said yesterday”. Freeland told reporters on Friday that relationship with China is important and valued, and Canada’s ambassador in Beijing has assured Chinese that consular access will be provided to Meng. When asked about the possible Chinese backlash after the arrest of Huawei’s CFO, Prime Minister Justin Trudeau told reporters on Friday that Canada has a very good relationship with Beijing.
Canada’s arrest swarovski blue x cufflinks of Meng at the request of the United States while she was changing plane in Vancouver was a serious breach of her lawful rights, Le said, The move “ignored the law, was unreasonable” and was in its very nature “extremely nasty”, he added, “China strongly urges the Canadian side to immediately release the detained person, and earnestly protect their lawful, legitimate rights, otherwise Canada must accept full responsibility for the serious consequences caused.”..
The statement did not elaborate. “There will probably be a deep freeze with the Chinese in high-level visits and exchanges,” David Mulroney, former Canadian ambassador to China, said on Friday. “The ability to talk about free trade will be put in the ice box for a while. But we’re going to have to live with that. That’s the price of dealing with a country like China.”. On Sunday, the ruling Communist Party’s official People’s Daily said that while China would not “cause trouble”, it also did not fear trouble and that nobody should underestimate China’s determination on this case.
“Only if the Canadian side corrects its mistake and immediately stops infringing upon the lawful, legitimate rights of a Chinese citizen and gives a proper accounting to the Chinese people swarovski blue x cufflinks can it avoid paying a heavy price for this,” it said in an editorial, Meng’s arrest was on the same day that U.S, President Donald Trump met in Argentina with China’s Xi Jinping to look for ways to resolve an escalating trade war between the world’s two largest economies, “We are tracking the developments of this case and refer you to the filings in the Supreme Court of British Columbia,” said a U.S, State Department official, speaking on condition of anonymity..