Those responsible for the former drugstore chain Schlecker must repay a loan of 1.35 million euros more than twelve years after the opening of bankruptcy proceedings. The Zwickau Regional Court announced on Monday that the Zwickau company Meniar illegally paid out the loan to the group in 2011.
Accordingly, the company that provided temporary workers to the drugstore chain based in Ehingen in Baden-Württemberg allegedly paid Schlecker a sum of millions shortly before the bankruptcy proceedings. The verdict is not yet legally binding.
Wife and children have to pay
According to the information, the former director led the personnel services company as a stooge in confidence for the Schlecker family. Now he and the wife and children of founder Anton Schlecker must repay the loan and the accrued interest.
The Schlecker drugstore chain went bankrupt in 2012. About 25,000 workers, mainly women, lost their jobs. Meniar (“People in Work”) was founded in 2008 to rehire former Schlecker employees after they were fired – but as temporary workers for significantly less money. This ‘revolving door effect’ was abolished with the law against abuse of temporary employment that came into force in 2011. The law is also called “Lex Schlecker”.
Judgment against company founder and children
After Schlecker’s bankruptcy, founder Anton Schlecker and his children Lars and Meike ultimately had to answer for the bankruptcy proceedings. The Schlecker children were sentenced to two years and seven months in prison for disloyalty, delaying bankruptcy, bankruptcy and contributing to their father’s bankruptcy. Anton Schlecker himself was sentenced to a suspended sentence.
In Schlecker’s best times, the company had more than 50,000 employees and approximately 14,000 branches throughout Europe. The drugstore king was one of the richest people in Germany and, given the insolvency of his company, managed to save millions of dollars in money.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
