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January 22, 1989


By CBR Staff Writer

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.

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