(Bloomberg) -- China will jail forty-seven steel company officials for faking air pollution data, in a sign that Beijing’s crackdown on firms that are flouting environmental rules is intensifying.Most Read from BloombergApple to Rival Square by Turning iPhones Into Payment TerminalsCrypto Secrecy Makes DeFi a Financial Felon’s WonderlandStocks Drop in Roller-Coaster Ride for Wall Street: Markets WrapHow a Fox News Interview Threw the Antiwork Subreddit Into ChaosAmericans’ Gas Stoves Are as Bad
Two of the executives responsible for Volkswagen's systematic fraud with emission tests of 11 million diesel cars were charged - with fraud and market manipulation.
Jailed?
One of them was for a while. Both of them are out of jail as of now.
Martin Winterkorn was the one who did not see jail (yet anyway), brief excerpt:
So...possibly a fine less than the bonus he got.
Oliver Schmidt was the other:
3 year and 1 month sentence
I do note the Chinese cases seem to be about air pollution data itself being falsified, where here the charges are for things such as fraud. The Chinese execs jailed are all from just 4 steel mills
Yeah, the German polluters got punished for fucking with the money, not for fucking with the environment.