German prosecutors charge former Volkswagen CEO Martin Winterkorn with fraud

Prosecutors in Braunschweig announced Monday that Winterkorn was one of five people indicted in a case related to the automaker's diesel emissions-cheating scandal.

Volkswagen (VLKAF) declined to comment on the charges, describing them as a private matter.

This is a developing story.

Chris Liakos and Stephanie Halasz contributed to this article.

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