AutoBeta(AutoBeta.net)03/15 Report--

According to foreign media reports, the US Securities and Exchange Commission (SEC) will file an enforcement lawsuit against Volkswagen and its former CEO Martin Wendern over the emissions scandal and accuse the company of large-scale fraud against US investors.

It is understood that Volkswagen has previously bought back about 500,000 vehicles installed with emission cheating software in the United States and agreed to pay more than $25 billion to the United States for legal proceedings filed by Volkswagen owners, environmental regulators, state governments and dealers. The SEC's action was widely seen as "deliberate repression," and it also pointed out that its claim lacked legal basis and was "illegal and indeed flawed."

The committee is looking for evidence that vw did not disclose that its vehicles did not meet u.s. emissions standards when it sold certain bonds to investors. And the public will fight resolutely against it.

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