Porsche SE’s former Chief Executive Officer Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter had their homes searched during the raid by German prosecutors, according to a spokeswoman.
Two properties were raided by several dozen civil servants as part of an investigation of possible violations of securities law and market manipulation, Claudia Krauth, spokeswoman for the Stuttgart, Germany-based prosecutor’s office, said today by telephone.