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Saturday 10 December 2016

More charges for Porsche pair

Former Porsche SE Chief Executive Officer Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter face more charges over the use of a controversial options strategy in Porsche's doomed attempt to take over Volkswagen AG in 2008.

The pair received a second set of charges just weeks before they are scheduled to stand trial in July.

The case is part of a wave of investigations and lawsuits Porsche faced since disclosing in 2008 that it had access to 74.1pc of Volkswagen, and was seeking a takeover.

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