Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Schlecker boss 'paid family business assets'

Share this article

Schlecker boss 'paid family business assets'
Photo: DPA
15:08 CEST+02:00
Prosecutors investigating drugstore founder Anton Schlecker suspect him of having paid his wife €60,000 a month for years leading up to the Schlecker bankcrupcy, Der Spiegel magazine wrote on Sunday.

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

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.
Advertisement

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement