Balance made up?: Beautiful balance? Public prosecutor’s office is investigating Baywa

Balance made up?: Beautiful balance? Public prosecutor’s office is investigating Baywa

Balance made up?
Beautiful balance sheet? Public prosecutor’s office is investigating Baywa






The once StockSolide mixed group Baywa has been a renovation case since 2024. Now the public prosecutor is examining whether board members beautified the balance sheet in 2023.

According to the Supervisory Board, the Munich public prosecutor’s office, according to the Supervisory Board, investigated the Fast bankruptcy of the Baywa last year. The investigative authority checks whether board members have incorrectly presented the company’s financial situation in 2023. This reported Supervisory Council leader Gregor Scheller at the beginning of the Annual General Meeting in Munich. “The BayWa will cooperate closely with the public prosecutor.”



Once pitched, today a renovation case

The Munich company, founded in 1923, is of great importance, among other things, the largest German agricultural dealer and for agriculture in the south and east of Germany. Scheller did not say who the investigation was directed against. The annual financial statements 2023 were signed, among other things, by the then CEO Marcus Pöllinger and the CFO Andreas Helber, who both had now left or had to leave the company.

The BayWa had reported a loss of 1.6 billion euros in 2024, which was to a considerable part of depreciation of book values ​​in the balance sheet. Scheller spoke of the “biggest crisis” in the company’s history. The investigation is now obviously about whether book values ​​for the balance sheet were beautified in the previous year. In November 2024, BaFin’s financial supervision had already started an investigation by the BayWa Balance 2023 in front of the Munich public prosecutor.

dpa

Source: Stern

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