German kidnappers take secret of missing millions to the grave

2017-03-08 16:36


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Berlin - The two men behind one of Germany's most high-profile kidnappings have both died, taking to the grave the question of what happened to missing millions in ransom money.

Germany's Bild daily reported on Wednesday that, with the men's recent deaths, a chapter had closed on the 1971 abduction of Theo Albrecht, a billionaire co-founder of discount supermarket chain Aldi.

One of the ex-cons, Paul Kron, had passed away in an elderly care home in January aged 87, and his former accomplice Heinz Joachim Ollenburg had died in February at the age of 93.

Their abduction of Albrecht was one of the most spectacular crimes of its kind in post-war Germany.

They kept the millionaire hidden away for 17 days in a wardrobe in the western city of Düsseldorf, then set him free in return for seven million deutschmarks (€3.5m).

Kron, then already a convicted burglar nicknamed Diamond Paul, was quickly caught after paying in a shop with a 500-deutschmark bill from the ransom money.

Ollenburg, his former lawyer, had fled to Mexico but was arrested there and extradited.

Both were sentenced to eight-and-a-half years' prison, and they kept low profiles after they were released.

Albrecht, who was emotionally scarred by the kidnapping, largely withdrew from public life. He died in 2010 aged 88.

Regarding the ransom, Kron claimed Ollenburg, the brains behind the abduction, had only given him several thousand deutschmarks.

Ollenberg insisted they had split the money evenly and returned his half - leaving about 3.5 million deutschmarks missing.

Bild recounted that it had interviewed Kron several years ago.

Kron, then living on a meagre state pension, had told the daily about the missing cash: "Honestly, I don't know. I only got 10 000 deutschmarks from Ollenburg. He was cleverer than me."

Bild said it had also searched out Ollenburg, who was living near the Polish border and who refused to talk to the newspaper.

Local townspeople, said Bild, liked to gossip that "he's stashed away the money in Switzerland".

Read more on:    germany

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24


10 gorgeous plus-sized models who aren't Ashley Graham

Here are just ten of our favourite plus-sized models:


You won't want to miss...

WATCH: Pornhub is giving users free access to premium content these holidays
5 top leg exercises for men
10 best dressed men of 2017
How to open a beer bottle without an opener
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.