BR100 Decreased By (-0.81%)
BR30 Decreased By (-1.11%)
KSE100 Decreased By (-0.81%)
KSE30 Decreased By (-0.81%)
AGHA 7.59 Decreased By ▼ -0.10 (-1.3%)
BECO 5.51 Increased By ▲ 0.27 (5.15%)
BML 59.08 Decreased By ▼ -1.14 (-1.89%)
BOP 34.11 Decreased By ▼ -1.17 (-3.32%)
CNERGY 12.84 Decreased By ▼ -0.29 (-2.21%)
CSIL 6.10 Decreased By ▼ -0.01 (-0.16%)
FCCL 57.66 Decreased By ▼ -0.31 (-0.53%)
FFL 16.20 Decreased By ▼ -0.22 (-1.34%)
FNEL 1.21 Increased By ▲ 0.01 (0.83%)
KEL 7.48 No Change ▼ 0.00 (0%)
KOSM 5.94 Decreased By ▼ -0.10 (-1.66%)
LOTCHEM 27.99 Increased By ▲ 0.24 (0.86%)
MLCF 100.65 Decreased By ▼ -2.33 (-2.26%)
NBP 203.75 Decreased By ▼ -2.29 (-1.11%)
NCPL 60.57 Decreased By ▼ -1.67 (-2.68%)
NPL 69.96 Decreased By ▼ -1.33 (-1.87%)
OGDC 320.29 Decreased By ▼ -3.49 (-1.08%)
PACE 11.10 Decreased By ▼ -0.41 (-3.56%)
PAEL 43.12 Decreased By ▼ -0.78 (-1.78%)
PIBTL 16.56 Decreased By ▼ -0.12 (-0.72%)
PPL 228.84 Decreased By ▼ -0.63 (-0.27%)
PRL 71.02 Increased By ▲ 0.91 (1.3%)
PTC 71.65 Decreased By ▼ -0.50 (-0.69%)
SSGC 26.68 Decreased By ▼ -0.43 (-1.59%)
TBL 9.81 Decreased By ▼ -0.05 (-0.51%)
TELE 8.61 Decreased By ▼ -0.11 (-1.26%)
TPL 22.24 Decreased By ▼ -0.38 (-1.68%)
TPLP 15.11 Decreased By ▼ -0.57 (-3.64%)
TREET 24.13 Decreased By ▼ -0.08 (-0.33%)
TRG 59.84 Decreased By ▼ -1.29 (-2.11%)
Print Print edition: 2011-11-10

Former German minister jailed for fraud

Published Updated

A former German government minister who lived as a fugitive for years and was at the centre of a bribery scandal was sentenced to 4-1/2 years in prison on Wednesday for fraud. A court in the southern city of Augsburg sentenced Ludwig-Holger Pfahls, once junior defence minister, for hiding a fortune worth more than five million euros ($6.8 million) to avoid paying fines from a previous conviction.
Pfahls, a conservative who had admitted accepting millions of deutschmarks from an arms dealer to help smooth the delivery of armoured personnel carriers to Saudi Arabia, remained silent in the courtroom after the verdict was read. Pfahls' wife Viorica, 68, collapsed in the court as she was sentenced to two years and nine months. The prosecution said her bank account had been used in related transfers of funds.
Dieter Holzer, a lobbyist, was jailed for 3-1/2 years for aiding Pfahls, who had served under former Christian Democrat (CDU) Chancellor Helmut Kohl. Pfahls left the defence ministry in 1992 and disappeared in Asia in 1999 when an international warrant was issued for his arrest. He spent five years on the run before French police arrested him. He was extradited to Germany in 2005.

Copyright Reuters, 2011

Comments

Comments are closed for this article.