Niels Stolberg has lost his appeal against a three-and-a-half-year prison sentence.
The appeal was turned down on Wednesday 19 December by Germany’s Federal Court of Justice.
It marks the end of the long-running case that focused on Stolberg's role in the downfall of German heavylift and multipurpose (MPP) operator Beluga Shipping.
Stolberg, 59, will be subject to the original sentence handed down by the District Court of Bremen on 15 March 2018.
