Signa’s KaDeWe Unit Probed by Berlin Prosecutors Over Insolvency

Berlin prosecutors have started an investigation looking into the insolvency of KaDeWe Group GmbH, a unit of the bust Signa conglomerate.

• The probe is at an early stage and documents are being reviewed to see whether bankruptcy-related crimes happened, a spokesman for the agency said
• The investigators are also looking at whether to open investigations into other units of the group, he added
• Bild reported the news earlier
• NOTE: Signa’s Benko Faces Liechtenstein Fraud, Money-Laundering Probe

To contact the reporter on this story:
Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story:
Jeremy Hodges ...