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European Investment Bank president Werner Hoyer on Dieselgate: 'We have been seriously hit by this case' (Photo: Council of the European Union)

EIB 'more sensitive' to fraud after Dieselgate

President Werner Hoyer of the European Investment Bank (EIB) had little of substance to say on Thursday (18 January) when asked to explain what the bank learned from its experience with a €400 million loan to German carmaker Volkswagen.

Last year, the EU's anti-fraud agency Olaf found that Volkswagen had misled the bank about the car company's use of emissions cheating software, in a scandal that has become known as Dieselgate.

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