FRANKFURT -- Audi's top worker representative, Xaver Meier, will retire from the company at the end of the year, the works council of Volkswagen's premium unit said on Tuesday.
Meier is under investigation by German prosecutors for suspected misappropriation of company funds.
He is the third VW supervisory board member to find himself the target of an official probe in connection with this summer's VW scandal, along with VW Hanover works council boss Guenter Lenz and former VW works council head Klaus Volkert.
Prosecutors are examining whether staff abused expense accounts for personal perks.
Meier denied any wrongdoing in a statement from the Audi works council, adding that his decision to resign had nothing to do with the scandal.
"I have nothing to reproach myself for regarding my duties on the works council and I dispute the accusations made against myself," he said. "I made the decision to retire after my 60th birthday a long time ago," Meier added.
Lenz has said he would cooperate with public prosecutors in order to "disprove point by point the groundless accusations". Volkert has said he did not enrich himself at the firm's expense.