BERLIN, GERMANY - EQS Newswire -
October 5th, 2019 - Attorney Dr. Gerhard Strate on behalf of and
commissioned by the Managing Directors of PWK Jewelry Company Ltd., based in
Thailand and engaged in the production of jewelry for Elumeo SE and Juwelo
Germany, (PWK) filed a complaint against the discontinuation of investigations
by the public prosecutor's office. elumeo's managers and Chairman of the Board
have been investigated for fraud and breach of trust. The managing director of
elumeo SE, Bernd Fischer, who was also investigated, on behalf of the company,
announced that they considered the complaint "hopeless". Dr. Gerhard
Strate, lawyer, explained this:

"The elumeo SE tries to give the impression, that now is the end of the
criminal investigation against the elumeo SE managers Wolfgang Boy�, Bernd
Fischer and Thomas Jarmuske. That's just not the case. With the filing of the
complaint against them only another necessary legal step was taken in the
direction of the clarification of the facts. In the course of the inspection of
the criminal investigations file, which was granted to us only a few days ago,
we came across very important facts and new insights. These new findings that
we were able to extract from the criminal case provided us with very good
reasons to appeal against the termination of the investigation."

Following questionable management by Wolfgang Boy�, Thomas Jarmuske and Bernd Fischer, for the past couple of years the company is in free downfall dragging the subsidiaries with them into the abyss. According to a decision of the Thai Labour Court dated

"Of course, we are sure that the appeal against the attorney's order
will be a success. The Defense Attorneys for those we accused had submitted
their comments along with various documents to the Prosecution. Just one week
later, the responsible public prosecutor had completed her two-and-a-half-page
decision to dismiss our claims. She was able to do that only because she
accepted the arguments and claims of Defense Attorneys one by one, without
checking their legitimacy."

"On the same day that the Defendants filed their statement, we
requested file access for our Thai clients. The access to the file was only
granted to us only after the notice of dismissal was already completed and
delivered. Our possible counterarguments were not heard to not jeopardize the
intended termination (at least not at this stage of the procedure). This
approach of the Public Prosecutor is contrary to the rule of law and reveals a
lack of readiness to clarify that does justice to neither the cause nor the
fate of my clients and the now unemployed 650 employees of the production
facility in Thailand."

"We will demand that the Prosecutor General's Office rectify this
completely unilateral partisanship in favor of the Executive Directors of Elumeo
SE and its Chairman of the Board, as it is obvious that this is a fraud to the
detriment of the PWK."

The issuer is solely
responsible for the content of this announcement.