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Monday, January 2, 2012

German president accused of trying to suppress loan story

Deutsche Welle, 2 January 2012 

Wulf is under pressure for allegedly
trying to suppress the story
Two German newspapers have reported that German President Christian Wulff tried to prevent the publication of a newspaper article about a 500,000-euro low-interest personal loan.

Two respected German newspapers - the Frankfurter Allgemeine Sonntagszeitung and Süddeutsche Zeitung – said in their reports, published Sunday and Monday respectively, that President Christian Wulff threatened to break completely with the mass circulation Bild daily if it went ahead and published information on Wulff's low-interest personal loan.

Wulff reportedly phoned Bild editor-in-chief Kai Dieckmann personally on December 12 while on an official tour of the Persian Gulf to complain about what he called the "unbelieveable story" about his 500,000-euro ($650,000) loan from a southern German bank. After not reaching Dieckmann, he left a voice message.

Bild itself has yet to report on the incident, but the two German dailies wrote that Wulff said Bild was going too far and had "crossed a red line."

The newspapers said that Wulff finally reached the Bild editor-in-chief later, expressing regret over his earlier phone call. They also reported that Wulff had threatened that he might press formal charges. The German newspaper reports cited no sources for their allegations.

Not illegal

Wulff has been the subject of a barrage of criticism for arranging his low-interest loan with the Baden-Württemberg BW Bank.

When he was still the state premier of Lower Saxony, Wulff borrowed the money from the wife of a business friend, Egon Geerkens, which he later exchanged for the low-interest bank loan.

The state prosecutor's office in Hanover has received about 20 criminal complaints from private citizens concerning the loan affair, but has said it was not going to pursue the case further because there was no evidence that a criminal offense was committed.

Author: Gregg Benzow (dpa,dapd, Reuters, AFP)

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