Lawyers investigate Aurubis Executive Board
Following the immense financial losses caused by fraud at the Hamburg-based copper manufacturer Aurubis, the company's Supervisory Board is initiating investigations into the management. It expects a decision by the beginning of February at the latest. There could then be personnel consequences for the Executive Board.
Following a precious metal fraud with a three-digit million loss, the Aurubis Supervisory Board is having its own Executive Board investigated. The board commissioned the law firm Hengeler Mueller to examine the responsibility of the Executive Board in connection with the criminal acts, as the Aurubis Supervisory Board announced.
The result of the investigation is expected in mid-January, after which a decision will be made. "The Supervisory Board cannot currently rule out the possibility that the current members of the Executive Board will continue in office unchanged, nor can it rule out the premature separation of individual or several members of the Executive Board or the restructuring of the Executive Board," it said.
Manipulated samples
Fraudsters have been ripping off Europe's largest copper group for years. The company is missing valuable recycling material worth 185 million euros. According to the company, the perpetrators worked with manipulated samples: When recycling metals that are processed at Aurubis are delivered, the proportion of precious metals with samples is estimated. In reality, however, the delivered material contained far less valuable metals than the samples, so Aurubis paid too much for them. The suspicion was directed at scrap suppliers and the company's own employees, it was said.
In addition, there is a further theft involving millions of euros, in which the five accused must now stand trial. The investigators accuse them of stealing thousands of kilos of intermediate and by-products containing precious metals from a company site and selling them.
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In response to the discovery of a multi-million-euro theft of precious metals, including copper, Aurubis has handed over the investigation of their Executive Board to the law firm Hengeler Mueller. The aim is to establish the Executive Board's responsibility in this matter, as Aurubis revealed.
Source: www.ntv.de
