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Ex-Fraport Manager Probed, Arrested in Airport Bribery Case

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July 9 (Bloomberg) -- An ex-Fraport AG manager and two other suspects were arrested by prosecutors in a bribery case over the Frankfurt airport’s Cargo City South development.

The men, who weren’t identified, are among 10 suspects in the case that also includes allegations of tax evasion and money laundering. The former Fraport employee may have taken bribes from construction companies seeking property development rights, Doris Moeller-Scheu, a spokeswoman for Frankfurt prosecutors, said in an e-mailed statement today.

Twenty-eight sites in Germany and Liechtenstein were raided as part of the probe today and 2.9 million euros ($3.3 million) in assets linked to the suspects were frozen, Moeller-Scheu said. Payments of at least 620,000 euros were channeled through a Liechtenstein account, she said.

“The bribes were allegedly generated via sham invoices of a Liechtenstein trust and a Frankfurt real estate broker,” Moeller-Scheu said. Prosecutors suspect the “former Fraport employee and another suspect also completed a consulting contract used to generate bribery payments.”

Christopher Holschier, a spokesman for Frankfurt-based Fraport, said the company is supporting the investigation and has given prosecutors access to its files.

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.

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