Suspended 14-month term for former minister

31st October 2007, Comments 0 comments

31 October 2007, Rostock, Germany (dpa) - A former German transport minister who once served under chancellor Helmut Kohl was sentenced to a suspended 14-month prison term Tuesday for fraud and wrongful trading.

31 October 2007

Rostock, Germany (dpa) - A former German transport minister who once served under chancellor Helmut Kohl was sentenced to a suspended 14-month prison term Tuesday for fraud and wrongful trading.

Guenther Krause, 54, was a minister from 1990 to 1993, representing eastern Germany just after German unification. The later failure of his property-development business has led to 11 years of lawsuits.

An appeal court quashed Tuesday a 45-month sentence passed in 2002, reducing it to 14 months and suspending it, but Krause, who is a lawyer, said he would appeal against that too.

The court in the port city of Rostock said Krause wrongfully kept his company trading for three years and misled creditors, although the firm, Aufbau Invest, should have filed for insolvency.

Krause, who was previously practically unknown, shot to prominence in March 1990 in the post-communist East German government, then served in Kohl's pan-German government.


DPA

Subject: German news

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