Parking inspector and wife arrested for €1m meter theft

The man is alleged to have stolen coins from parking meters in the German town of Kempten, police said.

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The unnamed municipal employee is thought to have taken coins out of parking meters in Kempten "on numerous occasions" and placed them in bank accounts that his wife had access to, local police said in a statement.

A money laundering report by a credit institution alerted investigators to the suspected theft. The inspector faces charges relating to 720 alleged incidents of theft, while his wife faces charges of aiding and abetting theft, also in 720 cases.

Kempten Mayor Thomas Kiechle said he was "stunned and dismayed" by the allegations.

In October, the Kempten public prosecutor's office was informed that cash was repeatedly being deposited into several bank accounts, according to the German news agency DPA.