US SEC sues Volkswagen and ex-CEO over diesel scandal

Carmaker accused of ‘massive fraud’ when selling bonds and cars described as clean dieselThe US Securities and Exchange Commission is suing Volkswagen and its former chief executive, accusing them of defrauding investors by making “deceptive” claims about the environmental impact of its cars.The regulator said that from 2007 until 2015, VW carried out a “massive fraud” when selling securities and half a million cars it described as clean diesel, when executive