Financial Times FT.com

Seducer of BMW heiress jailed for blackmail attempt

By Chris Bryant in Berlin and Gerrit Wiesmann in,Frankfurt

Published: March 10 2009 02:00 | Last updated: March 10 2009 02:00

Germany's richest woman and heir to the BMW car empire has been spared an embarrassing court visit after her playboy lover confessed to a multi-million euro fraud and to having attempted to blackmail her with footage of an intimate encounter.

Susanne Klatten, a member of the reclusive Quandt dynasty, and three other wealthy women were tricked into parting with more than €9m by Helg Sgarbi, a Swiss former investment banker, who was sentenced yesterday to six years in prison.

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