Without prejudice

Former owner Mr. Peter Maegdefrau is persuing the bank who floored him into bankruptcy.
He was found not guilty of causing the company to collapse, was discharged of most of the other charges and the charges which stuck with him, he was prevented from calling witnesses and material of evidence.
there has been allegations of gross corruptionand collusions between the banks and the State courts and the High Court has found there are or will be criminal charges being laid in due course.
Mr. Maegdefrau is at this moment persiuing 16 people through the courts and more are to follow.

It was also revealed, the bank in question had interest in buying Roco before Mr. Maegdefrau involvements.
Mr. Maegdefrau insists he has done nothing wrong, advised the bank of his businessplan and it was approved by the bank.

On the surface it looks like, the bank or its employees deliberatley put Mr. Maegdefrau into bankruptcy and one of the employees had in mind to set it up for his sons.
Another allegetion has emerged, the bank in question may also was involved in money laundering into Switzerland and if found to be the case, Swiss Authorities take a very hard stand on any such activities including diverting tax obligations.

As the High court made the ruling, Mr. Maegdefrau was not responsible for the collapse of his company, the way is open, who is ?

There are other questions and options emerging, has the present Roco company been run illegally since the verdict.

Roco's turnover between Jan-March 2005 was € 9.410.000,00 slightly lower than the forecasted turnover of € 9.767.000,00 but the tax burden was forecasted for € – 2.165.000,00 and came in at € -1.533.000,00, a 29.2% better outcome than planned.
In the first week of april 2005 the bank froze all accounts aand therefore Rocos forecast of a tunrover of € 13.570.000,00 was reduced to € 11.930.000,00.
it is alleged this action taklen by the bank has deliberately been activated to drive Roco or Mr. Maegdefrau into bankruptcy.

Mr Maegdefrau may has opened up a well organized hornest nest and all its offsprings could face criminal charges and I would think he could be intitled to a range of claims and I wish him and his family all the best.

regards.,

John

Yes it is an Austrian Company, what amazes me, he has to fight to prove his innocence while others with intent to cause harm are free so far.
I hope this will change and now the Courts prosecution Office is looking into their own affairs whether or not this can be seen as an insight inquiry, for current officers investigating previous officers of the State Prosecution Office.
It's like the Police investigating Police.
As we have seen here some of the inquiries or royal commissions had been a white wash.

We have had 2 miscarraiges of justice in this state lately, with 2 convicted murders being freed and found inncocent after several appeals and new technology in DNA.
In both cases, police made up stories and the States prosecution left vital evidence out of the court hearing.
Both men had made their appeals but the court of Appeal rejected their application.
I wouldn't like to be in these people shoes and having been humiliated in such a way over a long period of time.

I don't know the full story of who is paying for the court applications against the bank employees, a firm in Switzerland and how far the court proceedings will go or whether Mr. Maegdefgrau is just persuing his own interest, the wrongful bankruptcy proceedings against him and the wrongful criminal charges he had to face.
Some people still believe it takes 2 to tango and we have had evidence here from banks or court proceedings whereas banks applied for bankruptcy proceedings against farmers and other businesses.

Suppose everthing to do with companies and any business, there are State or Commonwealth laws and in Austria it would be the State or Bundesland (Seat in Vienna) laws who will persue any wrongdoings or criminal activity but again one can assume it will only go as far these accusations go and not if it is an ongoing practice or a culture between organisations and Mr Maegdefrau allegations and accusations are maybe just scratching the surface.

Fighting for your lawful rights for 7 years must be a strain and has to have a toll on peoples mind, physically and mentally

regards.,
John

It was bought by Modeleisenbahn Holding GmBH.
If the bank is found guilty of deliberately driving the company into bankruptcy, it may result in the sale of the said company was illegal

The Roco bankruptcy trick wasn't the only one, there have been other 2 companies of interest which have come forward and claim, finance was granted and soon afterwards certain financial conditions had been laid down with one intent to drive companies into bankruptcy, buy the company as a none operating concern and than run the company itself and producing x amount of million Euros profit the following year.

I've just heard Mr Maegdefrau is suing the bank for Euro 40,000.000.00.

John

P.S.

I was very concerend in my earlier hears when applying for an export grant for my products, the conditions are, you have to reveal every detail of your company operation. inlcuding recipes.
This leaves you open to anybody copying your idea.
In one case, an officer of the export grant approved a loan for a company later found to be absolutely fraudulent, convincing investors he had contracts with Russia and other countries, the director was seen in political circles with our than Prime Minister, and the officer after approving the export loan worked and was employed by the company.

I wanted to cancel this message,...without success...

I used to wonder what happened to Counterpoint, they made some pretty good valve amplifiers. Thanks for that.

Oh Well all in for a quick Buck or shouold we say Euro. or Schilling