Overview
- Proceedings began at the Munich regional court over roughly $60 million in speculative U.S. property loans tied to the Diocese of Eichstätt, with the former deputy finance director and a real-estate developer charged.
- The opening session ended early after the developer failed to appear, as his lawyer cited hospitalization and prosecutors sought an arrest warrant, with the court to decide before the next date on January 13.
- According to court figures, the ex-deputy finance director faces 22 counts of breach of trust and 20 of bribery, while the co-defendant faces 21 counts of bribery, 24 of instigating breach of trust, and five of breach of trust, with tax allegations also included.
- Roughly 60 hearing days are scheduled through August, a verdict could come on August 20, and former Bishop Gregor Maria Hanke is expected to testify on March 5.
- A 2019 expert report found most loans were unsecured, and the diocese says about $35.25 million has been repaid with $39 million expected overall following a 2022 settlement, as reforms and possible civil claims continue.