Dr. Philip Auerbach, former director of the Bavarian State Restitution Office who is now under arrest, was found to be “above reproach” in his handling of credit, it was announced today by Richard Ringelmann, Secretary of State for Bavaria.
The announcement was made following conclusion of a special investigation by the Bavarian Supreme Court of Accounts which established that Dr. Auerbach never advanced any credit without first notifying the Minister of Finance. The investigation also established that most of the loans have been repaid. Whenever Dr. Auerbach discovered forgeries in the credit documents, he himself reported the matter to the proper authorities, the investigators emphasized in their report.
Dr. Auerbach who several days ago made an unsuccessful attempt to commit suicide, was still in the prison hospital today. His lawyer said that Dr. Auerbach was “in a temporary state of depression” when he attempted to take his life.
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