Wednesday, November 29, 2006

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defendant pay 5.8 million euros - will have the Mannesmann trial set

Dusseldorf (Germany), 29.11.2006 - The Düsseldorf District Court today introduced a so-called Mannesmann trial. The defendants had agreed to pay € 5.8 million to charitable organizations and the Treasury prepared.

One of the German spektulärsten Wirtschaftsprozesse endete so zwar nicht mit einem Freispruch. Die Angeklagten – Deutsche-Bank-Chef Josef Ackermann, der ehemalige IG-Metall-Vorsitzende Klaus Zwickel sowie Ex-Mannesmann-Chef Klaus Esser – können den Gerichtssaal jedoch nun als juristisch unbelastete Personen verlassen. Ackermann hätte mit einer Vorstrafe wahrscheinlich nicht Vorstandsvorsitzender der Deutschen Bank bleiben können. Den größten Anteil der Zahlungen leistet Josef Ackermann mit 3,2 Millionen Euro, Klaus Esser zahlt 1,5 Millionen Euro. Richter Drees sagte zur Begründung der Verfahrenseinstellung, es bestehe kein öffentliches Interesse an einer weiteren Strafverfolgung.

Der Prozess sollte klären, inwiefern den Angeklagten im Zusammenhang with the hostile takeover of the tube and telecommunications group Mannesmann by Vodafone was accused of infidelity. In her former capacity as members of the supervisory board should be held accountable for their agreement to pay compensation amounting to 60 million euros to the former managers of the Mannesmann Group to account. A first acquittal by the district court of Dusseldorf was in an appeal trial at the instigation of Attorney by the Bundesgerichtshof (BGH) is first removed and referred back to the Düsseldorf district court was. The second procedure was opened in late October.

met the outcome of the trial in the German public at a different Echo. The German bank was pleased "that Dr. Ackermann with full force to continue the successful course of Deutsche Bank," said supervisory board chairman Clemens Borsig. Commentators of the FAZ and Handelsblatt indicated that the proceeding against the background of the payments as "modern indulgences. It is noted that the penalty despite their apparent height for the head of Deutsche Bank constitutes a real problem. Ackermann was on his annual income at the bank itself, with 11.9 million euros. Experts expect after all that will go down as a result of the Mannesmann process, the financial incentives for managers in the takeover Poker and according to the Tendency to sell out by these companies. Politicians commenting on the end of the process as well. Peter Ramsauer, CSU party chief in the German Parliament, said: ". How such a ransom action affects the healthy sense of justice of the people in the country, it also affects me," Matt Berninger, the economic spokesman for the Greens in the Bundestag, shares the skepticism of his CSU colleagues. In his view, the end of the process undermines trust in the rule of law. + + Wikinews

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