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Former top manager: bankruptcy investigation against Thomas Middelhoff set

2019-10-21T16:25:38.940Z


Before his bankruptcy, the former Bertelsmann and Arcandor boss Thomas Middelhoff is said to have procured millions of euros. Now the case was set against him.



The public prosecutor's office Bielefeld has stopped its investigation against the former top manager Thomas Middelhoff on suspicion of bankruptcy. A spokesman for the prosecution said there was no sufficient suspicion against Middelhoff. Specifically, it had gone to the suspicion that the ex-manager had moved before his personal bankruptcy sums of money and thus withdrawn the creditors.

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Thomas Middelhoff: Rise and Fall of Big T

Middelhoff himself rejected the accusations from the beginning. In the summer of 2018, he said, "I did not make millions of dollars, I'm completely uninhabited today, and rightly so: I tried to run asset protection - within legal limits - but that did not work path."

The bankruptcy clause 283 in the Criminal Code provides, inter alia, for imprisonment of up to five years for debtors who set aside assets of assets or hide in the event of insolvency. In particularly serious cases, the penalty can even be ten years.

Source: spiegel

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