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NGT asks Volkswagen to deposit USD 14 Mn by Friday or face property seizure

Jan 17, 2019 by The Passage Team
NGT asks Volkswagen to deposit USD 14 Mn by Friday or face property seizure

The National Green Tribunal on Thursday asked Volkswagen India Ltd to deposit Rs 100 crore by 5 pm on Friday or face punitive action, including the arrest of the carmaker's country Managing Director and seizure of the company's properties in India. Hearing a case filed against the carmaker for the installation of a software that allowed the company's cars to cheat pollution testing devices, the NGT said that the carmaker had to deposit the amount and submit an affidavit of compliance with the Central Pollution Control Board.

"The Volkswagen Group reiterates that all cars from the group are compliant with the emission norms in India. The order of the honourable NGT is already under challenge before the honourable Supreme Court. However, the Volkswagen Group India will comply with the order of honourable NGT and deposit the money, as directed," said Volkswagen Group India spokesperson.

Source: Business Standard

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