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Schlecker boss 'paid family business assets'

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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.

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