Criminal Charges and Injunction Filed Against Wengert
Frankfurt/Main, Germany (ots) - Fraport AG (FRA) has filed charges against the financial accountant Georg Wengert of Singen, Germany, and some of his staff on suspicion of a criminal offence under Article 17 of the German Unfair Competition Act - disclosure of trade and business secrets and so-called trading in confidential secrets. Fraport has also obtained a cease and desist injunction and an injunction to surrender documents which came unlawfully into his possession. The injunction from the Frankfurt district court (Landgericht Frankfurt am Main) was delivered to Wengert on February 12, 2004.
Wengert and his companies - Wengert AG, M + M GmbH Vermögensgesellschaft, Wengert GmbH, and Allconsult GmbH - have to pay fines of up to EUR 250,000 if they allow third parties access to confidential business documents of Fraport AG. Specifically, this relates to reports and supervisory board minutes on Fraport's "Manila Project", which Wengert received in violation of corporate confidentiality and penial provisions, and which he used illegally. Wengert was repeatedly demanded to return the confidental documents, without success, and to give a cease and desist declaration.
Wengert alleged to be working in the interests of Fraport shareholders, although in reality his campaign against Fraport's executive board and supervisory board achieved exactly the opposite.