Ex-Fujitsu executive linked to fraud case

11th March 2005, Comments 0 comments

11 March 2005, FRANKFURT - Authorities in Germany on Friday said they are investigating a former Fujitsu executive and two other persons in connection with suspected embezzlement of millions of dollars. The unnamed former executive, along with a Fujitsu financial officer and a third person are suspected of forging cheques and other documents ahead of the 1999 merger of Fujitsu Computer GmbH and Siemens Computers to form Munich-based Fujitsu Siemens Computers. Two of the three men have been jailed on remand

11 March 2005

FRANKFURT - Authorities in Germany on Friday said they are investigating a former Fujitsu executive and two other persons in connection with suspected embezzlement of millions of dollars.

The unnamed former executive, along with a Fujitsu financial officer and a third person are suspected of forging cheques and other documents ahead of the 1999 merger of Fujitsu Computer GmbH and Siemens Computers to form Munich-based Fujitsu Siemens Computers.

Two of the three men have been jailed on remand, a prosecutor said Friday in confirming a report in Frankfurter Rundschau newspaper.

The newspaper said the three men are suspected of having embezzled five million dollars from Fujitsu Computer GmbH prior to the merger.

Most of that money has vanished, but USD 1.4 million reportedly was found in a bank account of the ex-financial officer.

DPA

Subject: German news 

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