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Schlecker boss 'paid family business assets'

The Local · 12 Aug 2012, 15:08

Published: 12 Aug 2012 15:08 GMT+02:00

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Anton Schlecker is thought to have known his company was threatened with insolvency and transferred assets on to his family, according to the report.

Mr Schlecker realized as long ago as 2008 that falling profits meant his company was “threatened with being unable to pay,” according to the prosecuting attorney in Stuttgart - currently investigating the company management on suspicion of foul play.

Investigators, who gained access to and searched the family’s properties in July, believe that from 2008 onwards Mr Schlecker began paying “suspicious, gratuitous transfers of assets to family members,” wrote the magazine.

These transfers included the €20 million family estate in Baden-Württemberg and an “excessive wage to his wife Christa” which “considering the income situation, was no longer appropriate,” prosecutors told the magazine.

The Local/jlb

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The Local (news@thelocal.de)

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Your comments about this article

16:15 August 12, 2012 by pepsionice
Nothing illegal about this....as long as it wasn't a publicly traded company. The owner of a company can do just about any smart or stupid thing he wants to do. There just aren't any laws that say if you think your company is going bankrupt....to announce it or predict it or report the possible bankruptcy on day number one. I'm guessing his wife wisely moved the money safely out of Germany, it's far out in the Pacific region at this point, with no chance of it coming back. As for Mr. Schlecker....they might treat him like they did Steffi Graff's dad and just hold him in jail until the family coughs up the money. I'm pretty sure he will be out of the country by tonight.
01:27 August 13, 2012 by PYorck
@pepsionice, you might want to have a look at §283 StGB.
06:42 August 16, 2012 by sally#
Although Anton Schlecker is the founder of the company, the company has its own corporate personality and assests which are completely independent. So it's illegal to transfer company assests to individual assests. And what Schlecker did is to steal the hard-earned money from thousands of people(workers, obligees and so on) and eventually he must be punished by the law.
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