
Sandra Kraus new Leasing Director at CTP
Jan 28, 2026 at 9:19 AM
Aerowest acquires Businesswings
Jan 28, 2026 at 10:22 AMIn an investigation by the Public Prosecutor’s Office in Mainz, three individuals responsible for companies at Hahn Airport, one of the largest air freight locations in Germany, have been convicted of embezzlement. The investigations, which were completed in August 2025, led to legally binding penalty orders against the three accused. They are alleged to have violated their asset management duties, causing the company financial damages amounting to a total of 73,000 EUR.
The convicted individuals accepted and recorded incoming invoices, despite being aware that these invoices were not based on actual services rendered. Furthermore, they are accused of failing to utilize the opportunity to reduce operating expenses by 108,000 EUR. Two of the convicted individuals also withdrew revenues from parking management amounting to 294,000 EUR and incurred rental liabilities of 322,000 EUR, even though the rented property was not needed. They used these financial benefits for other companies at Hahn Airport as well as for personal purposes.
Subsidy Fraud and Delayed Insolvency
The embezzlement actions also led to subsidy fraud to the detriment of the state of Rhineland-Palatinate. By fictitiously recording operating expenses and renting an unnecessary property, a subsidy of 186,000 EUR was unlawfully applied for and disbursed. Another individual was convicted of delayed insolvency for failing to file for insolvency for one of the companies in a timely manner. He is also accused of not completing the annual financial statements of the insolvent company on time.
A fourth suspect is also under suspicion of not having filed insolvency applications in a timely manner. The investigation against him was closed in November 2025 after he paid a monetary fine. Additionally, the investigations also targeted another responsible individual and two business partners, but the proceedings against them were discontinued due to lack of suspicion.
The legal consequences of these offenses are significant. Embezzlement can be punished with a fine or imprisonment of up to five years. Subsidy fraud and delayed insolvency are also punishable and can lead to similar penalties. In this case, the Public Prosecutor’s Office has utilized the option to apply for penalty orders without a main hearing, allowing for a quicker legal resolution.



