Friday, November 14, 2014

Ex-Arcandor CEO – Middelhoff must remand – Süddeutsche.de

Ex-Arcandor CEO – Middelhoff must remand – Süddeutsche.de

  • The Essen district court has given judgment in the embezzlement trial of Thomas Middelhoff: The ex-head of Arcandor to three years in prison
  • Middelhoff can go in revision. Then the judgment is checked.
  • In addition, the court ordered an arrest warrant. This could only be exposed next week.
  • arranged

arrest

motionless, supported on the back of a chair, Middelhoff accepts the judgment. Three years jail for embezzlement and tax evasion in 27 cases, in three cases, announced the judge – and that’s not all. At the end of the half-hour sentencing hearing in the District Court of Essen is a sentence that is likely to affect the former Arcandor boss unexpectedly: “Against the defendant is located arrest warrant for risk of flight.” Middelhoff acts pale

However, he still has a chance. If Middelhoff a reasonable bail and his passport deposit, he would be released. Until next habeas next week but the defendant must remand. Middelhoff will still housed in a correctional facility during the afternoon, said a court spokesman.

The judgment Middelhoff may, within one week intends to appeal. It is not yet final.

The prosecution had demanded a sentence of three years and three months for Middelhoff. The defense argued for acquittal, however.



Justification of Judge

The presiding judge Jörg Schmitt said in the court’s opinion, without the insolvency of Arcandor it would have probably not given method. Ultimately, the process had come only through the “bean counting of the insolvency administrator” about. Middelhoff was chief of the Karstadt parent company Arcandor. Thereafter, the department store chain went bankrupt.

Above all, it is a matter, as Middelhoff his travels charged to the company, said the judge. He criticized the defendant was not honest at crucial points in the process. In part, he gave the court “adventurous statements”.



Process for embezzlement

Before the Essen District Court Middelhoff is accused of infidelity. He is accused of having loaded during his time as CEO of Arcandor the consolidated wrongly with a total cost of more than 800,000 euros.

Mainly this involves flights on charter jets, partly to London and New York. The prosecution believes that although the flights paid for by Arcandor, but were privately initiated. Middelhoff was also commuted between his home and the Bielefeld Arcandor headquarters in Essen by helicopter to escape the jam. Middelhoff rejects the allegations. In his closing remarks, he said: “I can accuse me of any wrongdoing.”



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