The first creditors’ meeting concerning the insolvency of the German shipping container lessor P&R took place in Munich on Wednesday (Oct. 17).
P&R had gone bankrupt in March, whereupon one of the biggest economic scandals in German post-war history became public.
According to the responsible insolvency trustee, Michael Jaffe, P&R had allegedly sold about 1.6 million shipping containers of which only 618,000 have been located so far. P&R is accused of having sold approximately one million...