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Leipzig Police Raid Gröner Group Over Alleged Financial Misconduct

Authorities investigate insolvency delays and unpaid employee social contributions at the prominent real estate company.

Overview

  • The Gröner Group is under investigation for alleged insolvency delays and failure to pay employee social security contributions on time.
  • Police and prosecutors conducted extensive searches of company offices and executives' residences in Leipzig and other locations on December 11, 2024.
  • The investigation aims to determine the timeline of Gröner Group's financial insolvency and secure relevant business and accounting records.
  • Initial inquiries into the alleged misconduct began in August 2024, with the company filing for insolvency in November following financial struggles in the real estate market.
  • The company denies the allegations, attributing its financial difficulties to unfavorable market conditions and investor concerns.