Nuremberg (Germany), 20.12.2004 - Three former top executives of the companies Conradty carbon and Conradty COVA Röthenbach based on the Pegnitz, near Nuremberg were on trial after being arrested in September and October 2004, the entire management of the company Conradty .
The senior leaders at the age of 62, 64 and 66 years were on 20 December 2004 sentenced to prison terms of 21 months each on probation. In addition, two of the three managers do 100 hours community service. One was the CEO of Conradty AG. Another member of the management team, a chief clerk, was sentenced some time ago by order of punishment.
was a mitigating attributed to them that they are distinguished by the fraudulent activities have not enriched themselves. All three were acting on behalf of its proven 72-year-old boss, the managing partner Albert G., who would turn out to solve his money before the imminent bankruptcy of the company's balance sheet.
this sense the sentence is regarded as relatively harmless. Albert G. was taken in 1991 as a management consultant in the company Conradty. With the global economic crisis but even he could not save the company. Once the investigation into Albert G have been completed, he will stand trial. Before March 2005 with the first hearing expected.
Conradty The company was a long-established well-off company, which emerged from a 1855 by Conrad Conradty (1827 - 1901) to set up factory in Nuremberg, pencil production. By 2000 around the company was located in over 70 countries, the indications were now very diverse, ranging from the glass industry, metallurgy, communications and automobile industry to the recycling of scrap to produce steel. In times of economic boom once more than 1,600 people were employed, in the end, the company had in 2000 only about 500 employees.
In 2002 the company was insolvent and had a mountain of debt of 40 million euros. Of the former 500 employees of the company 200 employees were taken over by an Indian investor. 300 people have lost their jobs. + + Wikinews
