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German Authorities Raid 29 Sites in 'Company Burial' Probe as 20 Suspects Are Detained

Prosecutors say a 61-year-old alleged organizer is in custody over a scheme that hid insolvent firms and may have buried more than 400 since 2022.

Overview

  • Searches earlier this week targeted 29 locations, including nine in Berlin, in a coordinated operation by multiple state police forces and customs.
  • Investigators executed two arrest warrants and detained suspects aged 40 to 73, with the main suspect now in pretrial custody.
  • The probe focuses on suspected aiding of insolvency concealment and aiding bankruptcy offenses in especially serious cases.
  • Authorities seized electronic data carriers and business records that will be forensically examined to trace financial flows and roles.
  • Several notaries who certified share transfers are being investigated on suspicion of complicity, bribery and overcharging, and inquiries remain active.