Former Volkswagen chief Martin Winterkorn has agreed to pay around €10-million ($12.2-million) in damages to the car maker over the diesel emissions scandal, Business Insider reported on Monday.
Volkswagen had said in March that it would claim damages from Winterkorn over the scandal as it tries to draw a line under its biggest-ever crisis.
Business Insider, citing a draft contract, reported that an agreement between the car maker, Winterkorn and other former executives which could be signed this week.
Volkswagen declined to comment. A spokesman for Winterkorn didn’t answer the phone when called for comment.
The German company said that following a far-reaching legal investigation it had concluded Winterkorn had breached his duty of care.
Winterkorn has denied being responsible for the scandal.
Volkswagen in 2015 admitted using illegal software to rig diesel engine tests in the United States, sparking Germany’s biggest corporate crisis.
The scandal has cost the car maker more than €32-billion in fines, refits and legal fees.
Winterkorn resigned as chief executive on Sept. 23, 2015, a week after the scandal broke.
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