Munich: Indictment against head of real estate investor M-Concept

The company M-Concept is responsible for the "Sendlinger Loch" and large building ruins at Pasinger Bahnhof. Their boss is said to have diverted millions of dollars that were intended for this project. The accused rejects this.

The Munich developer M-Concept confirms that the prosecutor's office has indicted his managing director, who rejects the allegations. Among other things, they are infidelity, bankruptcy and insolvency abduction.