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Mortgage lender trip included Rio brothel visit

The Local · 13 Dec 2011, 15:26

Published: 13 Dec 2011 15:26 GMT+01:00

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The company, known for its conservative reputation offering life insurance and mortgage lending products, confirmed this week that the €200,000 incident took place and said it had halted incentive trips, deeming them “no longer appropriate.” It said that the matter was under investigation.

The company acknowledged that it had purchased tickets to Brazil for 51 employees and contractors, but denied that a brothel visit had been an official part of the programme.

“We don’t support, organise or finance any activities that violate our code of conduct,” a spokesman said.

But according to a report in the Handelsblatt newspaper on Tuesday, senior company representative including key directors and a vice president had been spotted visited the brothel in Rio de Janeiro.

One official was even caught by police on a beach in the company of a prostitute, the newspaper reported.

The scandal has evoked comparisons to a 2007 orgy in Budapest sponsored by the Hamburg Mannheimer insurance group for its most successful sales representatives.

More accusations later emerged that representatives of the company, now owned by the Ergo insurance firm, had been spotted at other parties snorting cocaine – Ergo said it had only been salt.

Story continues below…

The Local/DPA/mdm

The Local (news@thelocal.de)

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Your comments about this article

18:26 December 13, 2011 by zeddriver
Not a very flattering photo of her posterior. That angle and lens makes it look about a metre wide. Surprised she ever signed a release.
21:19 December 13, 2011 by heyheyhey

Need we say more?
21:31 December 13, 2011 by Wise Up!
I guess the real crime here is that they didn¦#39;t spend their money on legalized prostitution in Germany!
01:06 December 14, 2011 by protno
disagree with you zeddriver. that ass is a thing a beauty.
03:54 December 14, 2011 by jmclewis
I have heard about mortgages with attached riders.......LOL
10:37 December 14, 2011 by storymann
Please tell us something else that has gone on since recorded time.
15:49 December 14, 2011 by iseedaftpeople
well... they're not the first and won't be the last to pay prostitutes with company money.

You would think that when somebody is in a position important enough that they get invited to a trip to Brazil, they would have enough money to pay for prostitutes out of their own pocket...

I love this bit though:

>More accusations later emerged that representatives of the company, now

>owned by the Ergo insurance firm, had been spotted at other parties snorting

>cocaine ­ Ergo said it had only been salt.

frankly I think that's a hilarious excuse. Try telling that to a judge...
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