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Volkswagen CEO Targeted in Emissions-Cheating Probe

BERLIN—German prosecutors are investigating whether Volkswagen AG Chief Executive Matthias Müller and other key board members and executives at the company’s biggest shareholder adequately disclosed financial liabilities related to the car maker’s emissions-cheating scandal.

The move is the first time Mr. Müller has been named in a criminal probe tied to the U.S. determination that Volkswagen had used “cheat devices” in its diesel-engine cars. Mr. Müller has presided over Volkswagen’s operational and financial recovery,…

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