Looks as if Standard Elektrik Lorenz AG chairman Helmut Lohr may not be moving to take up that post with parent Alcatel NV after all (CI No 1,097): Lohr was arrested last week on charges of embezzlement and tax evasion after allegations that he diverted company resources to his own use; bail, set at $1.4m, was raised by SEL and he remains on the company’s payroll as its chairman.
STANDARD ELEKTRIK LORENZ CHAIRMAN ARRESTED
