Previous conviction for fraud catches up with boss Ralph Schiller

FTI CEO Ralph Schiller

The manager rose to FTI boss in 2021. Just months earlier, a court had sentenced him to seven months in prison for fraud.

(Photo: dpa)

Cologne The investigators came in civilian clothes, but the operation was too big to go unnoticed. A dozen vehicles drove up to the Munich headquarters of the travel group FTI, and several dozen investigators moved into the headquarters. Numerous FTI employees were no longer allowed to use their computers or leave their offices.

The excitement in the company was great when the police and prosecutors combed through Europe’s third largest travel group in late 2018. It was about possible fraud related to the billing of advertising campaigns for Turkey. Several top managers were targeted, including current CEO Ralph Schiller.

Then calm returned to the company. When the preliminary investigation was concluded in 2020, only a few employees found out. But now the events of that time could catch up with the company, its CEO Schiller and the Supervisory Board.

FTI CEO Schiller: Seven months in prison and a six-figure payment

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