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Prosecutors raided apartment of Telekom CEO

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Obermann1_Ceo_Telekom FRANKFURT (Dow Jones) – The prosecutor in Bonn has , according to a report by the magazine "Business Week " in late August searched the house of the chief executive of Deutsche Telekom, René Obermann, and thereby " seized extensive "material. (Photo : Dt. telecoms)

Business background are the Deutsche Telekom subsidiary Magyar Telekom and several other subsidiaries in Eastern Europe, which are said to have allegedly paid bribes amounting to millions , writes the magazine on Monday without giving sources.
A Telekom spokesman said in a response , Obermann note explicitly that any allegations were without foundation against him and that this will also show you shortly. The scope of the recently-conducted searches, would not comment on the speaker . A spokesman for the Bonn public prosecutor said on Monday that there had been searches of private homes. Details he would not name , however .
In early September it was revealed that the prosecution had received inquiries with Deutsche Telekom and thus responded to a request for legal assistance from the U.S.. Currently we go to an early suspicion of bribery or corruption in aid to eight people , a spokesman for the authority at that time. The Telekom confirmed At searches of premises and stated that it is about past transactions with Magyar Telekom, which had years ago come to the attention of investigative authorities.
In the 2005 financial statements were auditor of Pricewaterhouse – Coopers ( PWC) discovered suspicious payments , and failed a certification of the Hungarians . was then in 2006 a law firm to review the operations have been mandated , a spokesman for Deutsche Telekom AG, said at that time on. Because the Magyar Telekom is also listed in the U.S. , the U.S. Securities and Exchange Commission and the U.S. Justice Department had turned on.
According to earlier information from the " Sueddeutsche Zeitung " is what the studies are essentially consulting contracts for daughters of Magyar Telekom in Macedonia and Montenegro.
The Wirtschaftswoche reported "well, that on 31 August offices not only in the Bonn headquarters of Deutsche Telekom, but also the private apartments had been searched by several executives, including CEO of Obermann. Until the appointment as Telecom CEO in November 2006, Obermann CEO of T -Mobile International.

Web sites:
www.wiwo.de
www.telekom.com
– By Philipp Grontzki , Dow Jones Newswires
+49 ( 0 ) 69 29 725 103, unternehmen.de @ dowjones.com
( Archibald Preuschat contributed to this article.)

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