Former Bertelsmann SE Chief Executive Officer Thomas Middelhoff faces a criminal probe by German prosecutors over suspicions he gave false testimony about the demise of the late Leo Kirch’s media group.
Bochum prosecutors are looking into a 2.3 million-euro ($3.1 million) bonus payment former Arcandor AG Chief Executive Officer Thomas Middelhoff received before he left the company and six months before it filed for bankruptcy.
Thomas Middelhoff , the former chief executive officer of Arcandor AG, said any complaints made against him regarding the bankruptcy of the company are “completely groundless and absurd,” Frankfurter Allgemeine Sonntagszeitung reported, citing an interview with Middelhoff.
German insolvency administrator Klaus Hubert Goerg filed a second suit for exaggerated business expenses and too high bonuses against Thomas Middelhoff , the former chief executive officer of bankrupt retailer Arcandor AG , Financial Times Deutschland reported today, citing an unidentified Goerg spokesman.
Thomas Rabe speaks five languages, holds a doctorate in economics, and cycles, runs or rows more than 60 miles a week. In his 20s, he managed hundreds of millions of deutsche marks in East German assets after the Berlin Wall fell. In his 30s he oversaw the finances of Europe’s largest TV broadcaster. As he approaches age 50, Rabe works in an office next to his boss and lives in a house next to his boss’s mother.