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Arrest of German Investor Following Arrest Warrant from Vienna

Florian Fritsch, a German start-up investor, was arrested in Germany at the request of the Vienna Public Prosecutor's Office. There is a European arrest warrant against him. Among other things, he is being investigated on suspicion of serious commercial fraud, confirmed the public prosecutor's office.

The Vienna Public Prosecutor's Office has already filed charges against the German investor Florian Fritsch, which have been contested. According to "Krone," the arrest is based on a report from December. Fritsch is accused of having taken someone else's gold from a Vienna depot. The presumption of innocence applies. The Vienna Public Prosecutor's Office is requesting Fritsch's extradition to Austria. The Economic and Corruption Prosecutor's Office is also investigating Fritsch based on a request for legal assistance from Liechtenstein.

Vienna Public Prosecutor's Office Investigates German Investor at Delivery Hero, Kreisel, and Gropyus

Fritsch has appeared several times in recent years as a start-up investor. For example, at the Berlin start-up Relayr, at Delivery Hero, or at the Upper Austrian electric battery start-up Kreisel Electric. According to "Wirtschaftscompass," Fritsch was also a shareholder and chairman of the supervisory board of the timber construction start-up Gropyus until 2021. In 2020, he wanted to take over the insolvent Indian airline Jet Airways. The 47-year-old Fritsch should not be confused with the namesake Florian Fritsch, owner of Welser Richter Pharma AG.

(APA/Red)

This article has been automatically translated, read the original article here.

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