STUTTGART (Reuters) – The founder of Germany’s failed Schlecker drugstore chain got a suspended sentence and his two children got jail terms on Monday for taking money from the company before its collapse.
Founder of collapsed German drugstore chain Schlecker gets suspended prison term
Workers who lost their jobs when the firm shut its stores in 2012 cheered in court when the prison sentences were read out.
Anton Schlecker, 73, received a suspended two-year prison sentence and a 54,000-euro ($64,487) fine for intentional bankruptcy.
Prosecutors had demanded a three year-prison term, accusing him of siphoning off millions of euros from the company even as its financ…
Read the full article at: https://au.news.yahoo.com/a/38028385/founder-of-collapsed-german-drugstore-chain-schlecker-gets-suspended-prison-term/