You will be redirected back to your article in seconds

Kirch probe widens to tax fraud

Case against former Teutonic media mogul expands

BERLIN — The investigation against former Teutonic media mogul Leo Kirch and his former deputy CEO Dieter Hahn has intensified after tax authorities joined prosecutors probing suspected breaches of trust, illicit loans, illegalities linked to the bankruptcy of Kirch Media and now tax fraud.

Herbert Schroder, former finance chief at Kirch Media, which collapsed last year in Germany’s biggest post-war bankruptcy, was released from jail last week on E100,000 ($116,627) bail after three days in custody.

Schroder is suspected of transferring millions from Kirch Media to Kirch’s associates just before its bankruptcy in April 2002. Some $70 million was loaned to Kirch’s friends, company execs, consultants and son Thomas Kirch. He landed a $3.5 million consultancy contract without the approval of Kirch Media’s supervisory board — violating corporate law, according to prosecutors.

Munich’s district attorney is also looking at a contract with Kirch associate and attorney Joachim Theye, who reportedly received $5.8 million between 1999 and 2001.

More Biz

  • Songs for Screens Powered by Mac

    Songs for Screens: Exclusive Premiere From Poo Bear and T-Bone Burnett; The Avalanches Hit The Slopes With North Face (Listen)

    BERLIN — The investigation against former Teutonic media mogul Leo Kirch and his former deputy CEO Dieter Hahn has intensified after tax authorities joined prosecutors probing suspected breaches of trust, illicit loans, illegalities linked to the bankruptcy of Kirch Media and now tax fraud. Herbert Schroder, former finance chief at Kirch Media, which collapsed last […]

  • India’s PVR Buys Stake in iPic

    India’s PVR Buys Stake in iPic U.S. Luxury Theater Chain

    BERLIN — The investigation against former Teutonic media mogul Leo Kirch and his former deputy CEO Dieter Hahn has intensified after tax authorities joined prosecutors probing suspected breaches of trust, illicit loans, illegalities linked to the bankruptcy of Kirch Media and now tax fraud. Herbert Schroder, former finance chief at Kirch Media, which collapsed last […]

  • Fusion Media Group

    Univision Seeking to Sell Minority Stake in Fusion Media Group

    BERLIN — The investigation against former Teutonic media mogul Leo Kirch and his former deputy CEO Dieter Hahn has intensified after tax authorities joined prosecutors probing suspected breaches of trust, illicit loans, illegalities linked to the bankruptcy of Kirch Media and now tax fraud. Herbert Schroder, former finance chief at Kirch Media, which collapsed last […]

  • Brett Ratner

    Brett Ratner Steps Down From Simon Wiesenthal Center Board Amid Sexual Misconduct Claims

    BERLIN — The investigation against former Teutonic media mogul Leo Kirch and his former deputy CEO Dieter Hahn has intensified after tax authorities joined prosecutors probing suspected breaches of trust, illicit loans, illegalities linked to the bankruptcy of Kirch Media and now tax fraud. Herbert Schroder, former finance chief at Kirch Media, which collapsed last […]

  • Brian Roberts Comcast James Murdoch Fox

    21st Century Fox Shares Soar on Reports of Comcast Acquisition Overture, Verizon Interest

    BERLIN — The investigation against former Teutonic media mogul Leo Kirch and his former deputy CEO Dieter Hahn has intensified after tax authorities joined prosecutors probing suspected breaches of trust, illicit loans, illegalities linked to the bankruptcy of Kirch Media and now tax fraud. Herbert Schroder, former finance chief at Kirch Media, which collapsed last […]

  • TV digital advertising spending

    Surprise: U.S. Pay-TV Subscribers Actually Grew Overall in Q3, Thanks to Internet Television

    BERLIN — The investigation against former Teutonic media mogul Leo Kirch and his former deputy CEO Dieter Hahn has intensified after tax authorities joined prosecutors probing suspected breaches of trust, illicit loans, illegalities linked to the bankruptcy of Kirch Media and now tax fraud. Herbert Schroder, former finance chief at Kirch Media, which collapsed last […]

  • John Malone

    John Malone, Greg Maffei Talk Anti-Trust Climate, Peak TV Challenges, and Wireless Opportunities

    BERLIN — The investigation against former Teutonic media mogul Leo Kirch and his former deputy CEO Dieter Hahn has intensified after tax authorities joined prosecutors probing suspected breaches of trust, illicit loans, illegalities linked to the bankruptcy of Kirch Media and now tax fraud. Herbert Schroder, former finance chief at Kirch Media, which collapsed last […]

More From Our Brands

Access exclusive content