Biotest AG: Search at Biotest - company rejects allegations
Biotest AG / Key word(s): Legal Matter
Search at Biotest - company rejects allegations - Accusations absolutely incomprehensible for Biotest AG - Proposal for clarification not accepted by public prosecutor Dreieich, October 15, 2014. The Frankfurt Public Prosecution Office has once again executed a search at Biotest AG, Dreieich. The search is apparently based on the extension of the public prosecutions' investigation into the company's business with Russia, which the public prosecutors have been investigating since 2011 and which led to a search on May 8, 2012 (see ad hoc notification from Biotest AG of May 8, 2012). Accusations absolutely incomprehensible for Biotest AG The same defendants are now being accused of breach of trust, bribery and related tax evasion in the markets Poland, Czech Republic, Slovakia, ex-Yugoslavia and Kazakhstan. As with the business with Russia, Biotest AG strongly rejects the allegations. Internal investigations by Biotest AG have confirmed that the compensation for external service providers, as well as the product prices, were absolutely typical for the market - both in comparison with competitors as well as in an international comparison. The allegation of breach of trust, bribery and tax evasion is thus absolutely incomprehensible for Biotest AG. Proposal for clarification not accepted by public prosecutor Biotest AG will support the Public Prosecution Office actively in the clarification of the case. Biotest has made available to the public prosecution numerous documents that clarifies its business with Russia. However, Biotest must also acknowledge that multiple offers by the defendants to personally contribute to clarification and to explain the business processes in order to eliminate any misunderstandings have not been accepted to date. Disclaimer This document contains forward-looking statements on overall economic development as well as on the business, earnings, financial and assets position of Biotest AG and its subsidiaries. These statements are based on current plans, estimates, forecasts and expectations of the company and are thus subject to risks and elements of uncertainty that could result in significant deviation of actual developments from expected developments. The forward-looking statements are only valid at the time of publication. Biotest does not intend to update the forward-looking statements and assumes no obligation to do so. About Biotest Biotest AG, Landsteinerstr. 5, 63303 Dreieich, www.biotest.de Securities' ID No., ISIN ordinary shares: 522720, DE0005227201 15.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.medientreff.de and www.dgap.de |
Language: | English | |
Company: | Biotest AG | |
Landsteinerstraße 5 | ||
63303 Dreieich | ||
Germany | ||
Phone: | 0 61 03 - 8 01-0 | |
Fax: | 0 61 03 - 8 01-150 | |
E-mail: | investor_relations@biotest.de | |
Internet: | http://www.biotest.de | |
ISIN: | DE0005227235, DE0005227201 | |
WKN: | 522723, 522720 | |
Indices: | SDAX | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart | |
End of News | DGAP News-Service |
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