Knaus Tabbert Managers Under Investigation for Alleged Corruption

German prosecutors investigate bribery allegations involving two managers accused of favoring suppliers in exchange for payments.

Prosecutors and police conducted raids at Knaus Tabbert's offices and other locations in Germany and Switzerland, seizing documents and files.
Two managers from the company and a representative of an investment firm are accused of accepting bribes from suppliers for preferential treatment in contracts.
The two managers have been placed in pre-trial detention, while the company itself is not a target of the investigation.
Knaus Tabbert has faced leadership instability this year, including the resignation of its CEO in October and the appointment of a major shareholder as interim leader.
The company is also grappling with declining orders post-COVID, leading to production halts at some facilities and lowered revenue forecasts for 2024.