Leipzig Police Raid Gröner Group Over Alleged Financial Misconduct
Authorities investigate insolvency delays and unpaid employee social contributions at the prominent real estate company.
- 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.