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Deceit at BRW?

Author: Tyrepress Editors Comments: 0

The current total of 153 employees of retreader Berliner Reifenwerke (BRW) have been waiting for their salaries since March. However, they are now hoping that after a proposal of insolvency, one of the three potential investors with whom the Berlin economic authorities are negotiating, will take over the plant this month and continue production. The two BRW owners Cohnen and Krüßmann are suspected of misappropriating 46.

1 million German marks which were given for investments. Meanwhile a German magazine reports a Credit Suisse (Frankfurt) account of approximately 32 million German marks. Account-holder is a Tahiti-registered company belonging to Horst Krüßmann, former Managing Director of Berliner Reifenwerke.

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