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article imagePorsche files complaint over suspected spy attempt on CEO

By Owen Weldon     Apr 27, 2008 in Business
Porsche has filed a criminal complaint with authorities because they suspect that someone attempted to eavesdrop on chief executive Wendelin Wiedeking
Albrecht Balmer, a spokesman for the company, did not elaborate details but he did say that the company did file a complaint with prosecutors in Braunschweig.
Last year a meeting took place in a hotel and a day before the meeting a microphone end of a baby-monitoring system was found behind a sofa. The meeting was the meeting of the supervisory board of Volkswagen AG and Porsche holds 31 percent of the shares of Volkswagen AG but is seeking a majority stake.
It is confirmed that the State police in Lower Saxony are investigating the compliant but they refused to go into details about the complaint.
Olaf Glaeseker is a spokesman with the Lower Saxony's government and he said that the accusations are very serious and so are the assertions and apparent findings.
The second-largest shareholder in Volkswagen is Lower Saxony and Porsche has been locked in a battle with Saxony and VW over its desire to rule under which decisions that are significant would have to be approved by shareholders representing 80 percent of Volkswagen's stock, plus one share.
Lower Saxony holds a little more than 20 percent of Volkswagen and can block major decisions at VW and they do not want to see the rule changed. There was an annual Volkswagen's general meeting held April 24 but the matter is still unresolved.
If there was an attempt to spy on porsche's CEO and the person is caught they should face some serious consequences because that is just a very dirty way to play in business.
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