GERMAN ITEMS
[RrDTKKS TfcLEtillAMS.] BANK SCANDAL IN GERMANY. BEKiLIN, December 20. Sensational disclosures are coming out in connection with the Prussian Mtate Bank scandals. Ruche. one of the directors, has hecn arrested in connection with the loss of C,301),()(;() in advances to lt.uli.sker, a I’ussiaii Com--I'any promoter. It is alleged that other large advances have been made on lliinsv securities BERLIN, December 30. Kutisker and his nineteen year old son are waiting trial lor promoting bogus companies. It is estimated they got at least £7.30,030 from the Prussian Bin to Bank hy hrihing leading officials to grant a series of loans nt a time when ever the Deutsche Bank could I not raise a. loan. Kutisker represented himself as the owner of numerous factories. He appointed his son as managing director of a motor company. Much money was obtained on securities and bills of exchange signed by the youth, who now (leads that be signed on his father's instructions, and therefore is not responsible.
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Hokitika Guardian, 31 December 1924, Page 3
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164GERMAN ITEMS Hokitika Guardian, 31 December 1924, Page 3
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