A subsidiary of Adler sold 75 percent of the development site to an investor from Berlin – “within a weekend”.
(Photo: imago images/Michael Gstettenbauer)
Dusseldorf, Berlin The explosiveness of the appointment was already indicated by its classification. The Finance Committee of the Bundestag met in a secret session on Wednesday last week to deal with the badly hit real estate group Adler Group. As a guest, the parliamentarians received the head of the Federal Financial Supervisory Authority, Mark Branson.
The Bafin President spoke for almost two hours and answered the questions. His message was clear, reported several participants in the round: Bafin takes the allegations against Adler very seriously.
What the parliamentarians learned is likely to take the crisis of the real estate group with its around 30,000 apartments in Germany to a new level of escalation: the Frankfurt public prosecutor’s office has started criminal investigations, several informed people confirmed to the Handelsblatt. Members of parliament who wanted to know more had to go to the Marie-Elisabeth-Lüders-Haus and hand in their mobile phones to the secret police department of the Bundestag. Even notes were not allowed while reading the Bafin report.
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