Former Volkswagen CEO Bernd Pischetsrieder has successfully managed to avoid tax evasion charges in Germany by agreeing to donate around $193,000 to various charities, according to Automotive News. Pischetsrieder had been charged with evading more than €230,000 in taxes between 2000 and 2003 (around $322,500 USD) by transferring interest on loans between various properties. The ex-VW executive went on trial on Monday, and according to reports, Pischetsrieder told the court that he never set out to intentionally evade taxes and that he hadn't hidden his activities from authorities.

Pischetsrieder served as Seat CEO from 2000 to 2002, when he replaced Ferdinand Pi

ëch

as VW Group CEO. Pi

ë

ch then moved to become VW Group Chairman, and in 2006, the two had a falling out that saw Pischetsrieder ousted from the company. Martin Winterkorn replaced Pischetsrieder at that time, and he continues to serve as VW Group CEO.


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    • 1 Second Ago
  • 7 Comments
      AcidTonic
      • 3 Years Ago
      Well it's a good thing that he tries so hard to screw everyone out of tax money. Such a good moral character this fellow has...... What an outstanding display of gratitude to let him avoid fines/jail and just spend some of his hard earned cash. If it were *I* who was dodging taxes I'm sure I'd be able to get the same deal right? Even if I'm only found to be hiding 1/5th of $330,000 I'll definitely be taking a trip to jail. Glad to see the status quo still in effect. Laws are made just to keep those worker bee's from revolting...... CEO's have a different set of laws apparently.
      GearHeadDeals.com
      • 3 Years Ago
      Screw up, get caught, pay charities, repeat and hope you dont get caught the next time?
      tenspeeder
      • 3 Years Ago
      once an Ahole always an Ahole. that sums up Pischetsrieder
      Dvanos
      • 3 Years Ago
      Money talks, bull$hit walks. Even in Europe.
      the sliding dog
      • 3 Years Ago
      So he evades $322k, but pays $193k to charities....so he's still $129k up, right?
      canuckcharlie
      • 3 Years Ago
      in CEO world, thats really not much money to be raising an issue