Photo: DPAFormer German retail tycoon Anton Schlecker went on trial Monday, five years after his drugstore chain collapsed, accused of having stashed away millions in corporate assets before the bankruptcy. Also in the dock in the western city of Stuttgart are his wife Christa, his son Lars and daughter Meike, and two auditors from accountancy firm Ernst and Young. The ex-tycoon's wife Christa is accused of having received tens of thousands of euros under the guise of consultancy fees. Prosecutors also accuse Schlecker of having misrepresented the company's financial situation and making false claims before the insolvency court. The trial started with the reading of a 270-page indictment, and the court set an initial 26 days of hearings until October.

Source: The Local March 06, 2017 12:56 UTC