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Mülheim | Covid-19 Travel Restrictions | Lockdown | Coronavirus Outbreak

Wolfgang Holzem

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Mülheim an der Ruhr is in the Ruhr area.

Understand

Mülheim is between Duisburg, Essen, Oberhausen and Ratingen. It is home to many companies, especially in the food industry, such as the Aldi Süd Company, the Harke Group and the Tengelmann Group.

Coronavirus since Reopening

Germany | Covid-19 Travel Restrictions | Lockdown | Coronavirus Outbreak
3,238,054
Confirmed
0
Confirmed (24h)
81,693
Deaths
0
Deaths (24h)
2.5%
Deaths (%)
2,865,000
Recovered
19,700
Recovered (24h)
291,361
Active

In 2008, it celebrated its 200th anniversary as a city, and had with approximately 170,000 residents.

Mülheim was the first city in the Ruhr Area to become completely free of coal mines, when its last coal mine “Rosenblumendelle” was closed. The former leather and coal city had made a complete transformation to a diversified economic centre.

With more than 50% covered by greenery and forest, the city is an attractive place between Düsseldorf and the rest of the Ruhr. It is the home of two Max Planck Institutes and the Ruhr West technical college.

It is home to many companies, especially in the food industry, such as the Aldi Süd Company, the Harke Group and the Tengelmann Group.

Mülheim received its town charter in 1808, and 100 years later the population exceeded 100,000, making Mülheim officially a city. At the time of the city’s 200th anniversary with approximately 170,000 residents, it was counted among the smaller cities of Germany.

In 1966 Mülheim was the first city in the Ruhr Area to become completely free of coal mines, when its last coal mine “Rosenblumendelle” was closed. The former leather and coal city had successfully made a complete transformation to a diversified economic centre. With more than 50% covered by greenery and forest, the city is regarded as an attractive place to live between Düsseldorf and the rest of the Ruhr. It is the home of two Max Planck Institutes and, since 2009, the technical college Ruhr West. It has a station on the important railway between Dortmund and Duisburg and is served by Rhine-Ruhr S-Bahn lines S1 and S3.

Get in

By train

  • Mülheim (Ruhr) HauptbahnhofThis station built in the 1860s is served by IC, EC and regional trains. On the lower level there is Stadtbahn service (confusingly abbreviated with an U). 

By tram and suburban rail

  • From Düsseldorf, Rhine-Ruhr suburban rail (S-Bahn) line S1.
  • From Essen, Rhine-Ruhr S-Bahn lines S1 and S3, and the U18 tram (Stadtbahn) line.

Get around

What to see and do

  • Aquarius-WassermuseumTu-Sa 10:00-18:00 (last admission 17:00), closed last two weeks of December (roughly)Built in 1893 by August Thyssen is now a museum run by the regional waterworks company. Adults €4, children €3, family (2 adults and children) €12.
  • Schloss Broich (Broich Castle), Am Schloß Broich 28Broich Castle was erected to protect the town from invasion by the Normans 1100 years ago. It is regarded as Mülheim’s oldest building. It is also the oldest, still maintained Carolingian fortification in German-speaking Europe. The halls are now used for municipal receptions and civil ceremonies. In the attic is also the headquarters of the Mülheim City Marketing and Tourism. The Hochschloss is home to the Historical Museum of the Mülheim History Society, which provides excavation finds, models and a “Luisen room” insight into several centuries of Mülheim history.
  • PetrikirchePastor-Barnstein-Platz 1Evangelical church. The oldest church building in Mülheim, it began as a major chapel in the 11th century, but was substantially rebuilt after being bombed in World War II. It is a venue for musical and other artistic events.

Where to stay in Mulheim an der Ruhr

  • Hotel am RuhruferDohne 74 (STR 110, Bus 151/ NE4: Floraweg or Wilhelmstr) ,  fax+49 208 9918599 .
  • Villa am RuhruferDohne 105 (STR 110, Bus 151/ NE4: Floraweg or Wilhelmstr) ,  fax+49 208 94139750 One of the smallest 5-star hotels in Germany

Hotels Mulheim an der Ruhr: Popularity

Hotel Stars Discount Price before and discount Select dates
Ringhotel KOCKS am Mühlenberg ★★★★ View Isaan Hotel Deals
Hotel Hopfen Sack ★★★ View Isaan Hotel Deals
Best Western Hotel im Forum Mülheim ★★★★ View Isaan Hotel Deals
Landhaus Sassenhof ★★★ View Isaan Hotel Deals
Hotel & Spa Am Oppspring ★★★ View Isaan Hotel Deals
Apartment MINSU View Isaan Hotel Deals
Altes Krupphaus auf der Heimaterde View Isaan Hotel Deals
Handelshof View Isaan Hotel Deals
B&B Hotel Mülheim an der Ruhr ★★ View Isaan Hotel Deals
Perfect Gastehaus Mülheim - a46666 View Isaan Hotel Deals

Former founder of Asiarooms.com and now reporting mainly on the Asia Pacific region and the global Coronavirus crises in countries such as Thailand, Germany & Switzerland. Born near Cologne but lived in Berlin during my early teenage years. A longterm resident of Bangkok, Udon Thani, Sakon Nakhon and Phuket. A great fan of Bali, Rhodes & Corfu. Now based on Mallorca, Spain.

Germany

Wirecard : How Jan Marsalek Friend Henry O’Sullivan became “Corinna Müller”

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Henry OSullivan

The Briton Henry O’Sullivan is regarded as the dazzling puller of many Wirecard deals and friend of Jan Marsalek and internal emails show how big his influence was in the company.

Henry O’Sullivan celebrated his 40th birthday in paradise. He invited lawyers, managers and high-ranking executives from Wirecard to the lonely dream island of Benguerra off the coast of the East African state of Mozambique. Board member Jan Marsalek and his girlfriend should also come.

As a souvenir, the host wanted: pens for the school children in town and champagne for the party weekend.

The luxury resort Azura Retreats, which O’Sullivan rented in November 2014, had cabins right on the beach, palm trees, and a beach. On arrival, the guests would have to wade through knee-deep water as the British businessman’s assistant warned a month before the celebration. That wasn’t a problem for Jan Marsalek. He preferred to travel by helicopter anyway, according to an email from his secretary.

The extravagant birthday plans reveal a lot about two of the central key figures in the Wirecard scandal. Jan Marsalek (40) and Henry O’Sullivan (46) are close confidants who worked together on big deals far away from the headquarters in Aschheim. Now the judiciary is asking whether millions have been diverted. Wirecard is insolvent and Marsalek is on the run.

O’Sullivan does not answer inquiries. At the beginning of 2020, he only wanted to talk to the examiners from KMPG and EY under certain conditions but then he was no longer available to them.

The beefy Brit was known for his dissolute lifestyle. In Singapore he often dined in a top restaurant on the roof of the Marina Bay Sands hotel, with a view over the harbor. To save time on business trips, he preferred to travel short distances by helicopter instead of taxi and in the meantime he lived on a yacht in Monaco.

Marsalek had O’Sullivan flown in in 2014 to celebrate with him at the Munich Oktoberfest. A year later they flew through South Africa in the Learjet 45XR. And when the Briton wanted to meet the Wirecard executive board in Jakarta in 2014, he asked an Indonesian employee by email about a hotel that would tolerate the “type of spring break business trips”.

Beyond its luxury life, only fragments of O’Sullivan’s businesses are known. The Briton did not hold an official position at Wirecard. Many consider him a “phantom” in the background, a member of the mysterious clique around Marsalek.

It was stored in the Wirecard address book with an external e-mail address for freelancers – his profile photo showed Pablo Escobar, the Colombian drug lord: another bad joke by Jan Marsalek, as insiders suspect.

As much as O’Sullivan was on business trips, he was always careful to be discreet. This is also shown by an episode from spring 2020, when the Wirecard world was already falling apart and auditors examined the opaque third-party business for which Marsalek was responsible.

O’Sullivan was very knowledgeable about third party business and a strange company purchase in India in 2015. He was therefore a sought-after discussion partner for the annual auditors from EY and the special auditors from KPMG. O’Sullivan apparently managed to convince the supervisory board of a special protective measure.

A sought-after discussion partner for EY and KPMG

O’Sullivan demanded at the end of April or beginning of March 2016 that his name should not be recorded in the “final report” or in any other correspondence with Wirecard. “These papers have a habit of appearing in public,” he wrote to an assistant at Marsalek. He assumes that “everything that is written will ultimately be read by others” and he therefore insists on being given a pseudonym.

This is how Mr. O’Sullivan became Mrs. Müller. On March 4, a legal advisor to the Supervisory Board wrote to Wirecard management: “As discussed yesterday, a code name should be used for all further e-mails and other references. Proposal: ‘Ms. Corinna Müller’. ”On the same day, EY agreed not to use the name in communication with Wirecard international.

According to supervisory board circles, however, it was clear: There should be no special treatment in the confidential internal audit report, and O’Sullivan’s real name would have been mentioned here.

How those involved initially adhered to the language regulation became apparent on March 4, 2020. When O’Sullivan allegedly canceled an appointment in Monaco due to Corona entry regulations from Singapore, Marsalek’s assistant wrote to the auditors at KPMG: “Ms. Müller is herself aware of the time pressure and has agreed to contact us tomorrow with a short-term alternative. “

But it did not get to that. According to the “Wall Street Journal”, the special auditor KPMG was cross: O’Sullivan had also made the condition of their auditors anonymous. When they refused, he refused to speak.

He could tell so much in the process. In the ten years before the bankruptcy alone, Wirecard acquired companies for 1.2 billion euros, according to insolvency administrator Michael Jaffé. In his report, Jaffé writes that the deals were one reason for the “enormous consumption of liquidity in recent years”. The public prosecutor is investigating former executives on suspicion of fraud and breach of trust.

O’Sullivan was involved in numerous Wirecard deals. His name is linked to one of the largest and most dubious deals the payment service provider has done in recent years: the takeover of the Indian Hermes group in 2015. Wirecard bought the companies from the Mauritius-registered fund Emerging Markets Investment Fund 1A (EMIF 1A) for 326 million euros. The amazing thing: the fund had only acquired the same company and assets a few months earlier for around 35 million euros and it is still not clear who was behind that deal

Marsalek stated in an interview with Handelsblatt at the beginning of 2020 that he had not checked the background. But insiders report that O’Sullivan and Marsalek were the ones who planned the deal and who ultimately benefited from it. In any case, the original Hermes sellers now feel cheated. They filed a lawsuit that revealed that it was O’Sullivan who negotiated the sale to the EMIF 1A fund for € 35 million.

O’Sullivan also appears at another important point in the Wirecard network, the so-called third-party business. Wirecard achieved a large part of its sales with it, at least according to the balance sheet. Essentially, three companies provided the supposed income: Pay Easy from the Philippines, Al Alam from Dubai and Senjo from Singapore.

The central figure in Senjo was also O’Sullivan, even if he did not hold an official position. A PR consultant for the British company stated in 2019 that her client worked for Senjo. That’s only half the story. In practice, O’Sullivan is said to have been the one in charge of Senjo. In Singapore, the authorities are now investigating for falsification of accounts in the vicinity of the group of companies.

How hard Marsalek worked internally at Wirecard for his party friend O’Sullivan is shown by a short-term lending business from 2016, which several Wirecard board members dealt with. Ascheimer Wirecard Bank AG granted Cottisford Holdings Ltd, a generous credit line of ten million euros from O’Sullivan, for which Wirecard AG guaranteed as internal emails and documents prove this.

“Today the supervisory board formally approved the loan retrospectively, but was not ‘amused’ about it,” wrote the then board member Rainer Wexeler of Wirecard Bank AG on March 2, 2016 to Marsalek. He complained that the panel had been poorly informed. Wexeler asked: “Can you please give me the private address of O’Sullivan and some key business data about his business, his connection to Wirecard AG, etc.?”

Wirecard credit for companies in a tax haven

Marsalek did not reply in writing, but less than a month later he informed him why O’Sullivan’s company had not paid the money back on the agreed date. “The delay resulted from an unexpected complication in the distribution of dividends from one of its holdings.” O’Sullivan believes that the problem “will be resolved in the next few days,” wrote Marsalek.

Wexeler was evidently unsure of the loan. He asked: “It would still be important to know how the money that we made available to him was invested.” There is no answer to this, but that Marsalek suddenly advocated the loan “just days later” long-term “.

The borrower, Cottisford Holdings Ltd., also comes from an island that is likely to be O’Sullivan’s favorite vacation destination, as the British Virgin Islands are a paradise not only for tourists, but also for lovers of lax tax rules.

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Germany

Wirecard Scandal claims another Victim – Heike Pauls from Commerzbank

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heike paul

It’s not even eight months since Germany’s number one payment service provider imploded: Wirecard had to admit in June 2020 that billions of euros never existed on the balance sheet. As a result, board members had to go to jail or disappeared without a trace. Since then, auditors have been distrusted, and the head of the BaFin supervisory authority has to look for a new job. The youngest victim is Heike Pauls of the German Commerzbank.

Up until a few weeks before the Wirecard scandal burst, several analysts in various banks believed in Wirecard. They unshakably believed that the annual financial statements for 2019, which had been postponed several times, would end well, some experts continued to insist on Wirecard price targets of 180 to 240 euros.

One of the bravest supporters of the scandal group was Heike Pauls from Commerzbank. The analyst was always loyal to Wirecard: She dismissed critical reports about the payment processor as false reports and even a few weeks before the collapse she issued a buy recommendation with a price target of 230 euros for the Wirecard share.

As the Spiegel reported, Pauls had in the meantime also provided the management of the payment processor with sensitive information that it had collected specifically on the capital market. In January Commerzbank had already restructured the research department and relieved the analyst of her duties, now the announcement was made:

“Commerzbank has terminated the employment relationship.”

The Wirecard scandal is far from being dealt with. Further personnel consequences in various economic areas could follow. Extensive claims for damages by investors against the insolvent payment service provider are also examined and the the Wirecard share remains taboo for any investors.

 

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Wirecard Committee – Doubts about Karl-Theodor zu Guttenberg’s Credibility

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Wirecard Committee Doubts about Guttenberg's credibility

Didn’t Karl-Theodor zu Guttenberg tell the whole truth when he appeared as a witness on the Wirecard investigative committee? Internal documents that are available to the ARD studio fuel the suspicion. The SPD accuses him of having lied to the committee and in the opposition too, doubts about its credibility are growing.

In December Guttenberg was asked about his role in the Wirecard scandal in the Bundestag. It was also about an article that the former CSU minister published in the “Frankfurter Allgemeine Zeitung” at the end of March 2020. The topic: The role of short sales in the Corona crisis. At the time, Wirecard was targeted by shortsellers, i.e. stock exchange traders who bet on falling prices for a company and Guttenberg had argued against such short sales in the article.

Mail to ex-Wirecard boss Markus Braun

Guttenberg apparently did not want to draw a direct connection to his work for Wirecard, but there are doubts about this representation.

An email to the then Wirecard boss Markus Braun, however, indicates that Guttenberg could very well have had the now insolvent DAX group in mind when he wrote the text for the FAZ. 

In this email of March 20, 2020, the Managing Director of the communications company Edelman, Rüdiger Assion, proposed a “Short Selling Action Plan” to the Wirecard boss. Among other things, this contained the suggestion that Guttenberg could write a guest commentary on the subject of short sales in the newspapers FAZ or “Die Welt”. An argumentation paper with key messages is also attached to the mail. Just six days later, exactly such a guest comment appears in the FAZ. Guttenberg’s argumentation shows clear similarities with the line proposed in the argumentation paper.

SPD speaks of a lie

The SPD chairman in the Wirecard committee, Zimmermann, therefore accuses Guttenberg of not telling the truth on the witness stand. Zimmermann told the ARD city studio: “He (Guttenberg’s note by the editor) lied to the investigative committee and tried to set the wrong track when he denied arguing for a ban on short sales in the interests of Wirecard. A real surprise is this lack of honesty not with him. ” Now it must be clarified whether Guttenberg deliberately wanted to mislead the investigative committee.

CDU defends Guttenberg

Guttenberg is defended by the CDU. The MP Matthias Hauer said that the SPD should primarily devote itself to the question of why the BaFin, supervised by Finance Minister Olaf Scholz, imposed the short sale ban on Wirecard. “This should certainly contribute more to the explanation of Wirecard than an article in the name of an ex-politician on the subject in the FAZ.”

But doubts about Guttenberg’s credibility are also growing among the opposition. The chairman of the Greens, Danyal Bayaz, said that Guttenberg’s remarks on his opinion contribution had already been implausible in the committee of inquiry. “Apparently it was part of the advisory service to specifically win over public opinion for a renewed ban on short selling.” That does not cast a good light on Guttenberg’s honesty.

The Linke chairman in the committee, Fabio de Masi, can imagine summoning the former Federal Minister again: “If Mr. Guttenberg was Baron Münchhausen and had said the untruth in front of the committee of inquiry, this would also be criminally relevant, (…) the question is then whether his other statements that he had met the Chancellor privately are also untrue. “

 

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