The Archive · 1928

German War Loan Scandal

Hugo Stinaes Liberated After Interrogation by Judge Berlin, Aug. 31.

Hugo Stinnes, interrogated by the judge to-day, absolutely denied that he was aware that the money with which he provided Von Waldow to purchase German War Loan bonds was being used for illegal purposes.

He said that, at the suggestion of Von Waldow, he financed to the extent of £20,000 a French group which possessed a large amount of War Loan bonds. He subsequently' learned that the group consisted of three foreigners who had founded a company in Paris for the sole purpose of buying Germag Governnent securities. "Some person aris signed affidavits that they were the original holders of Ge War Loan and consequently entitled to-a higher revaluation than new holders.

He stated that a former French deputy declared that he owned Mik. 25,000,000 worth of German War Loan, Von Waldow has been provisionally released but the indictment against him stil stands. His lawyers stated that he "protected Stinnes until the authorities discovered from other sources. the participation of Stinnes in the Later.

Here Hugo Stinnes has been' arrested on the suspicion of attempting to defraud the State and is now undergoing magisterial interrogation. He is being detained in comfortable cell in the Moabit Prison, where he and his secretary, von Waldow, who is also under' examination, are confined.

Herr Stinnes' solicitors are the question of demanding the ground that the against him does nol warrant his detention—Reater.

Text read from the printed page and cleaned; old type leaves the occasional error.

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