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    Investigation at Porsche Thread Closed

    What is this about?  Sorry if repost...

     

    Press-Information No. 27/09
    20/08/2009
     
     
    Suspected Breach of Publicity Duties

    The public prosecutor's office investigates at Porsche

    Stuttgart. Stuttgart. Investigative proceedings led by the public prosecutor's office have been carried out at Porsche Automobil Holding SE and Dr. Ing. h.c. F. Porsche AG, both in Stuttgart. This Thursday morning, officials from the public prosecutor's office in Stuttgart with judicial search warrants arrived at the administrative headquarters of the companies in Stuttgart-Zuffenhausen. The officials then searched the business premises of the companies, seizing numerous business documents in the process.

    According to information provided by the public prosecutor's office in charge of investigations, there is a suspicion of breaching the publication duty as prescribed by the German Stock Corporation Act and furthermore of market manipulation.

    Porsche is rejecting these allegations. The company is cooperating in the efforts of the public prosecutor's office and is offering investigating officials its full support in order to clarify the issue as quickly as possible.

    K-GO


    K-GO


    Re: Investigation at Porsche Thread Closed

    sounds like it is related to the VW takeover attempt fiasco; and probably specifically to whether Porsche violated regulatory reporting requirements as to its interest in VW shares

    i'm sure people from the finance sector will be able to provide more insight as to what is going on...


    --
    '07 Cayenne TT '06 Ruf RT12 '06 GT3 '06 Jeep SRT8 '03 911 TT '99 MB E55 '98 Evo 5 '87 BMW M3

    Re: Investigation at Porsche Thread Closed

    Guys, a thread on this topic already exists - please post replies here:

    http://www.rennteam.com/forum/thread/20118494/Porsche_Offices_Raided_by_Authorities/page1.html

    Thanks Smiley


    --

    Rennteam Moderator - 997.1 C2S Coupe GT Silver/Cocoa, -20mm/LSD, PSE, SportDesign rims, Zuffenhausen collection


     
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