MUNICH, May 17 (Reuters)– Managers of financially troubled P&R Group are being examined after it was found the investment company marketed virtually one million even more delivery containers than it had, the Munich district attorneys’ workplace claimed onThursday

Once the globe’s largest owner of delivery containers, P&R offers containers to capitalists as well as its sis firm in Switzerland leases them bent on delivering business.

P&R later on redeems the containers from capitalists.

P&R, which is based near Munich, has actually marketed some 1.6 million containers to around 54,000 capitalists for a complete 3.5 billion euros ($ 4.12 billion).

But a tally made after its German devices declared bankruptcy previously this year has actually revealed that P&R just has a fleet of around 600,000 containers, manager Michael Jaffe claimed in a declaration.

“The discrepancies started more than 10 years ago and need to be cleared up now,” Jaffe claimed.

The Munich district attorneys’ workplace claimed that it was exploring previous as well as present supervisors of P&R on uncertainty of fraudulence.

It did not state the number of suspects there were however claimed 2 individuals targeted by the examination had actually shared their readiness to accept the authorities.

($ 1 = 0.8488 euros) (Reporting by Alexander Huebner; composing by Maria Sheahan; editing and enhancing by Jason Neely)

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