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President Wulff 'regrets' omitting private loan

The Local · 15 Dec 2011, 16:06

Published: 15 Dec 2011 16:06 GMT+01:00

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“I recognize that this could create a false impression,” he said in a statement on Thursday. “I regret that.”

Wulff’s statement follows two days of attacks on him from politicians and the media over the private loan. Critics said the affair demonstrates a lack of honesty and transparency.

According to the Bild newspaper, the wife of German businessman Egon Geerkens lent Wulff and his wife €500,000 in 2008 so the couple could buy a house.

But the then-state premier didn’t reveal the loan to parliamentarians when answering a question on his business dealings with Geerkens, among other people. He insisted that he had no business relations with Geerkens, a close personal friend, and that the loan was a private arrangement.

But after answering the question, Wulff went to a bank to replace the private loan with a traditional mortgage, Bild reported.

“I have nothing to hide,” Wulff said. He said that although the agreement with Geerkens’ wife was a “private contract,” it would have been better to reveal it to state parliamentarians.

Wulff said in his statement that public officials are called to observe a high level of integrity and responsibility.

“This is especially true for the office of president,” he said. “Upon assuming office I agreed to perform my duties faithfully and to practice justice toward all. I see this aspiration as a duty.”

Story continues below…

The Local/DPA/mdm

The Local (news@thelocal.de)

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Your comments about this article

16:59 December 15, 2011 by storymann
Hang in there MR.Wulff.
00:22 December 16, 2011 by neunElf
He REGRETS being caught in a lie!
00:44 December 16, 2011 by Bishopbayern
hardly crime of the century
09:29 December 16, 2011 by freechoice
Omitting and denying are 2 separate concepts!
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