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U.S. subpoenas Volkswagen under bank fraud law in diesel emissions probe -source

2016-03-08 22:41:30| Automakers - Topix.net

The U.S. Justice Department sent German automaker Volkswagen AG a subpoena under a bank fraud law in its diesel emissions probe, a person briefed on the matter said Tuesday. The government is using the Financial Institutions Reform, Recovery and Enforcement Act to issue the civil subpoena, a tool used in investigating large financial institutions, said the source who requested anonymity, citing the sensitivity of the ongoing probe.

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