Minister defends Germanofficial's move to industry

9th September 2004, Comments 0 comments

9 September 2004 , BERLIN - The decision by a German deputy economics minister to quit government for a plum job at a company which he helped during a mega-merger was defended Thursday by Economics Minister Wolfgang Clement. "There's no scandal," said Clement in testimony to parliamentary committee looking into the State Secretary Alfred Tacke's planned move to the board of Steag AG. Steag is a subsidiary of Dusseldorf power giant Eon which two years ago won government approval to merge with Ruhrgas formin

9 September 2004

BERLIN - The decision by a German deputy economics minister to quit government for a plum job at a company which he helped during a mega-merger was defended Thursday by Economics Minister Wolfgang Clement.

"There's no scandal," said Clement in testimony to parliamentary committee looking into the State Secretary Alfred Tacke's planned move to the board of Steag AG.

Steag is a subsidiary of Dusseldorf power giant Eon which two years ago won government approval to merge with Ruhrgas forming what media reports say is the biggest private energy concern in the world.

Clement said Tacke's new job had "not the slightest thing to do" with the special green light for the merger which came from his ministry.

Opposition leaders appeared satisfied with Clement's remarks defending Tacke, who is widely respected.

"We see no reason for criticism," said Christian Democratic economics expert Friedrich Merz in a speech to parliament.

DPA

Subject: German news

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