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Around 10 premises in Bavaria and Baden-Wuerttemberg were
searched by around 160 officials, the prosecutor's office in
Porsche's home town of Stuttgart said in a statement.
"The three suspects include a member of the management board and
a member of Porsche AG's higher management. The third suspect is
no longer employed at Porsche AG," it said.
The searches form part of an investigation into employees of
Porsche AG suspected of fraud and fraudulent advertising tied to
manipulated emissions control systems of diesel passenger cars,
the prosecutors said.
A spokesman for Porsche confirmed the searches, but declined to
provide further details.
More than 2-1/2 years after Volkswagen <VOWG_p.DE> admitted to
cheating emissions tests on diesel engines in the United States,
the carmaker and some of its brands continue to be investigated
by authorities.
Earlier this year, German prosecutors widened a probe of
Porsche's sister brand Audi, which developed a 3.0 liter V6
diesel engine used in about 80,000 VW, Audi and Porsche models
found to have been equipped with illicit software.
Two Audi sites were also searched on Wednesday, Stuttgart
prosecutors and an Audi spokesman said. The searches were at
Audi's sites in Ingolstadt and Neckarsulm, Audi said.
(Reporting by Edward Taylor and Ilona Wissenbach; Additional
reporting from Irene Preisinger; Editing by Tom Sims and Mark
Potter)
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