Audi CEO Rupert Stadler arrested over fraud allegations

Madrid: Audi AG CEO Rupert Stadler was arrested on Monday on fraud allegations, a company spokesman said.

German prosecutors named Stadler and one other Audi executive as suspects for fraud and false advertisement in the car maker's continuing emissions scandal.

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"We confirm that Stadler has been preliminarily arrested this morning," the spokesman said, adding that a hearing to decide over possible pre-trial detention was continuing.

Audi, Volkswagen AG's luxury car maker, declined to comment further on the issue, citing the ongoing investigations. A Volkswagen spokesman also confirmed the arrest.