Schlecker boss 'paid family business assets'
The Local · 12 Aug 2012, 15:08
Published: 12 Aug 2012 15:08 GMT+02:00
- Schlecker homes raided on suspicion of foul play (18 Jul 12)
- Schlecker stores close doors for last time (27 Jun 12)
- Schlecker rescue fails, 13,000 jobs doomed (01 Jun 12)
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.