Tuesday, August 12, 2014

German Bank – Jürgen Fitschen is now accused – Süddeutsche.de

German Bank – Jürgen Fitschen is now accused – Süddeutsche.de

By Klaus Ott

The Munich prosecutor has filed its complaints against the head of Deutsche Bank. Now the judge will decide whether he opened the process.

When to take the file folder, then weigh the 600 pages of paper more than three pounds. So heavy is the now levied charges of attempted fraud trial in the case against the church co-chief executive of Deutsche Bank, Jürgen hinge plates and four former colleagues from him. According to data from the circle of the parties, the record of these days by the prosecutor in Munich went to the district court. Investigators have so now indicted hinge plates – the acting head of Deutsche Bank has thus officially the status of a defendant. Previously, the Bavarian Ministry of Justice had the indictment design on the table, but obviously expressed no objections.

The fact that the expected already for some time charge is present now, is not confirmed by the authorities. Only to those affected get the files delivered with the accusations and are thus officially notified. Stakeholders: These are in addition Fitschen its predecessor Josef Ackermann and Rolf Breuer, also Clemens Börsig, formerly Executive Board and Supervisory Board Chairman of Deutsche Bank, and former board Tessenberg of Heydebreck. You all should have tried to deceive the Munich Justice in which by the late media tycoon Leo Kirch operated against the financial institution compensation process. All defendants have the back.

Fitschen says for a long time, he had “neither lied nor cheated.”



Too much for the fax

The Munich prosecutor said on Monday on request, the investigation was completed. “Only when those affected are informed of the result, we can express ourselves.” Similarly, also expressed a spokeswoman for the district court. One can not comment on the matter before a “possible prosecution” was sent to the parties concerned. Last week, the spokeswoman but already publicly announced, “we expect that the indictment in August received at court.”

Often accused obtain the allegations sent immediately by fax as soon as the file is received by court . In this case, however, does not work. More than 600 pages – this is too much for faxing. That leaves only the good old post plus a receipt acknowledgment. That takes time. At the recent major method in Munich, which concluded last week the trial of Formula 1 boss Bernie Ecclestone, it took almost two months before the allegations were publicly informed by the judicial authorities. How long it takes for the prosecution in the case Kirch, is irrelevant for hinge plates. He remains CEO of the Bank. A resignation was not an issue for him and the financial institution. Maybe it is not even a trial of hinge plates. To check up is now the task of Peter Noll, head of the criminal division at the fifth district court, and his colleagues.





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The allegations against Fitschen weigh far less difficult than against his co-accused ex-colleagues. He should, so the accusation of investigators, lawyers for the bank have not deterred wrong to speak at court. But he would have ever clever, is asked in the bank and its environment. A CEO can not take care of all the details themselves, but must be able to rely on his people, in this case, the employee in the legal department and the bank’s lawyers. Some of them have in Munich now even an investigation for attempted Process fraud case Kirch neck.

Fitschen had several months ago rejected the offer of the Munich public prosecutor’s office to pay 500,000 euros fine for violation of his internal oversight responsibilities. Thus, the case against him would have been completed without charge. Then would have to hinge plates but the danger existed that the banking supervision BaFin action against him.

Worse than for Fitschen it looks for Ackermann, Breuer, Börsig and Heydebreck. They are, in contrast to hinge plates, tried as a witness in court, to lead the Justice duped. In circles of the parties, it is assumed that it at least comes to a trial of Breuer. He is regarded as the main accused.

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