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VW’s Schmidt Ordered to Remain in US

Judge agreed former manager was a flight risk.

by on Mar.16, 2017

Former VW executive Oliver Schmidt was ordered to remain in the U.S. after being deemed a flight risk. He's confined to his Michigan home.

Oliver Schmidt, one of seven Volkswagen AG executive charged with crimes in the U.S. related to the maker’s diesel-emission rigging scandal, will remain in custody after judge agreed with prosecutors that he was a flight risk.

Schmidt, who worked at VW’s engineering center in Auburn Hills, Michigan before the scandal came to light, was arrested in January in Miami as he was traveling from Cuba to Germany. The ruling, which confines Schmidt to his home in Michigan, came despite more than $1.6 million in cash and assets were raised by family and friends for bail.

Global Auto News!

“The allegations of fraud and conspiracy in this case are very, very serious,” Judge Sean Cox of the U.S. District Court for Eastern Michigan, said, according to Reuters. “There is a serious risk that Mr. Schmidt will not appear in this case.” (more…)