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39th year  -  N° 111                 Saturday, 20 April 2024         Antwerpen		
It's a Flat Flat Planet
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Monday 29th of November 1971

53 years ago The Ransom Was Tax Deductable



49-year-old entrepreneur Theodor Albrecht is kidnapped by lawyer Hans Joachim Ollenburg and his accomplice Paul Kron in Essen, Nordrhein-Westfalen, Germany.

Albrecht was released 17 days later after paying a ransom of seven million Deutsche Mark. His kidnappers were eventually caught by authorities but only half of the money was recovered. Albrecht later successfully claimed the ransom as a tax deductible business expense in court.