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German lawmaker to resign after his firm profited from masks

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Nikolas Loebel, a backbench lawmaker with Merkel’s center-right Christian Democratic Union, was blasted by members of his own party and opponents after it emerged Friday that a company he runs earned commissions of 250,000 euros from brokering contracts to buy masks.
A lawmaker with German Chancellor Angela Merkel’s party said Sunday he will give up his seat in parliament and leave politics after it emerged that his company profited from deals to procure masks early in the pandemic — drawing sharp criticism in an election year. Nikolas Loebel, a backbench lawmaker with Merkel’s center-right Christian Democratic Union, was blasted by members of his own party and opponents after it emerged Friday that a company he runs earned commissions of 250,000 euros from brokering contracts to buy masks.

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