AvCraft Aviation Chairman Released from Jail

 - April 10, 2007, 7:36 AM

German authorities have released AvCraft Aviation chairman Ben Bartel from jail some two weeks after sending him there on suspicion of tax evasion. Munich Attorney General Ruediger Hödl told AIN today that although he has yet to indict Bartel, the former Fairchild Dornier principal owner remains a suspect and could face formal charges in a matter of “weeks or months.” Hödl said he could not discuss the specifics of the case until he hands down an indictment. Police arrested Bartel on July 27 at Frankfurt International Airport on the suspicion he evaded €7 million ($8.53 million) in taxes through a fictitious transaction in the Cayman Islands. Last year Bartel established a company in the Caymans specifically to buy 12 used Dornier 328 turboprops from Fairchild Dornier bankruptcy administrators and lend the tax-free proceeds to AvCraft’s manufacturing plant in Germany.