The spectre of the former Kinowelt's demise is coming back to haunt brothers Michael and Rainer Koelmel with news that Munich's public prosecutor's office may bring charges against the brothers for delaying the declaration of the bankruptcy of Kinowelt Medien.

The prosecutor's spokesman Anton Winkler told the news weekly Focus that it was "probable" that charges would be brought against the brothers.

However, a spokesperson of the Sparkasse Leipzig, which granted the Koelmel's slimmed-down version of their Kinowelt empire a credit of Euros 18m, said that the risk had been examined "very, very carefully" by "a large German lawyers office".

Moreover, has learnt that the Koelmels have apparently already paid back more than half of the credit made available to them by Sparkasse Leipzig.