T-Online: Management Crisis Connected to Embezzlement?

[Berlin, GERMANY] The Deutsche Telekom AG has opened up an internal investigation into the activities of Wolfgang Keuntje, the former CEO of T-Online. On Sunday, the company confirmed news reports of this. A speaker for the concern told Reuters yesterday that the investigation is focusing on whether there was a connection between the former CEO and the unauthorized activities of four T-Online managers.

The newspaper "Welt am Sonntag" had reported that Keuntje not only knew of the unauthorized activities of four leading T-Online managers, but that he was involved in them. Those close to the company said that managers doing the CEO's groundwork had, as limited partners in a GmbH & Co. limited partnership, indirectly had shares in an events promoting agency. This firm was apparently used to procure overpriced sponsoring contracts for T-Online. It is currently thought that the sums reached the height of 16 million deutschmarks.