Overview

• 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.