German Pellets bankruptcy goes to court

Seven years after the insolvency world's largest pellet producer German Pellets, its former managing director is coming to court. As a court spokesman announced on Monday, the trial is scheduled to begin on Thursday at the Schwerin District Court. The 66-year-old defendant is accused of delaying bankruptcy, fraud, bankruptcy and tax evasion, among other things. Two other defendants in the trial face fraud and credit fraud charges. According to the investigation, German Pellets GmbH was said to have been insolvent almost a year before filing for insolvency on February 9, 2016. While interest rates were already ...