Media: Volkswagen misused EU loan to carry out dieselgate

According to news media Politico, German car giant Volkswagen used a EUR 400 million loan from the European Investment Bank to develop the engine at the center of the dieselgate scandal.

BY MARIA KEHLET, FINANS

German car giant Volkswagen used a EUR 400 million loan from the European Investment Bank (EIB) to develop illegal software which was fitted to 11 billion cars, reports Politico according to the EU's anti-fraud watchdog OLAF.

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