German prosecutors filed a raft of charges against four members of the wealthy Schlecker family on Thursday, accusing them of pulling valuable assets out of their namesake drugstore chain and hiding them from shareholders before
the company went bust in 2012.
The prosecutors, based in Stuttgart, have leveled 36 counts of embezzlement, purjury and other misdeeds against the founder of the Schlecker drugstore chain, Anton Schlecker, his wife Christa, son Lars and daughter Meike.
Prosecutors allege the former billionaire pulled several million euros’ worth of assets and money out of the company and transferred them to the accounts of his closest relatives although he knew that the company was facing insolvency.
Such a move,…
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