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

Art dealer on trial for swindling Aldi heir

Share this article

Art dealer on trial for swindling Aldi heir
Helge Achenbach arriving in court. Photo: DPA
08:57 CET+01:00
A German art dealer went on trial Tuesday accused of defrauding one of the country's richest families of tens of millions in the sales of paintings and vintage cars.

Helge Achenbach, 62, who has been in pre-trial detention for about six months, denies the accusations against him, which carry a maximum jail term of 10 years.

The art consultant's contested deals included paintings by Pablo Picasso, Roy Lichtenstein and Gerhard Richter, while the vintage car sales were of Ferraris, Bentleys and Jaguars, Spiegel reported.

Prosecutors accuse Achenbach of more than 20 counts of fraud, as well as charges of forgery and breach of trust, in the trial in Essen, the court said in a statement.

The state charges that he defrauded the late Berthold Albrecht, heir to the Aldi Nord supermarket empire, of €22.5 million ($27.7 million) in the sales of 14 artworks and nine cars, by deceiving his client about the original purchase prices.

Achenbach is also accused of having defrauded two other wealthy customers in art deals, the court said.

In the dock with him is a former business partner, identified by the court only as Stefan H. in keeping with German reporting rules for criminal defendants.

In a separate civil case, before a court in the defendant's home city of Düsseldorf, the family of supermarket tycoon Albrecht, who died in 2012, is suing Achenbach for almost €20 million in damages.

The Essen court has set an initial eight further court hearings until January 21.

SEE ALSO: Swiss museum accepts art looted by Nazis

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university tackling the challenges of tomorrow

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement