Prominent German exec. Thomas Middelhoff convicted over travel costs at troubled store firm

November 14, 2014 11:15 AM

6 0

Prominent German exec. Thomas Middelhoff convicted over travel costs at troubled store firm

Former Arcandor CEO Thomas Middelhoff gestures in the courtroom of the district court in Essen, Germany, Friday, Nov. 14, 2014. Middelhoff is accused of embezzlement during his work for Arcandor and faces the verdict today. (AP Photo/Frank Augstein) (The Associated Press)

BERLIN – A prominent German business executive has been convicted of breach of trust and tax evasion and sentenced to three years in prison over costs he incurred as CEO of a troubled department store company.

Read more

To category page

Loading...