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Wednesday, 10 December 2014 11:53

German Art Dealer Helge Achenabach is on Trial for Fraud

Helge Achenbach. Helge Achenbach.

One of Germany's best known art dealers has gone on trial on charges of defrauding the heirs to the Aldi supermarket empire of millions of euros.

Helge Achenbach is accused of falsifying accounts of artworks and classic cars he purchased on behalf of the Albrecht family, including paintings by Pablo Picasso and Roy Lichtenstein, and vintage Ferraris, Bentleys and Bugattis.

Prosecutors accuse Mr. Achenbach of more than 20 counts of fraud, as well as charges of forgery and breach of trust, in the trial in the western city of Essen, the court said in a statement. If found guilty, he faces up to ten years in prison.

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