- The Munich district court the prosecution admitted due process fraud against German Bank Co-CEO Juergen Fitschen.
- In addition to hinge plates must be his predecessor Ackermann and Breuer and ex-chairman of the board Börsig responsibility.
- The trial is scheduled to begin in late April and last at least until well into the summer.
On April 28, it is over: Then you have the acting co-chief executive of Deutsche Bank, Jürgen Fitschen, take a seat on the dock of the 5th Criminal Court of Munich. The judges have the charges against the top managers approved unchanged. Must stand trial it only second Fitschen his predecessor Josef Ackermann and Rolf Breuer, the former chairman of the board of the bank, Clemens Börsig, and another former board of Germany’s largest banking house.
German bank advantage Fitschen
German Bank CEO Jürgen Fitschen may need for alleged fraud trial in court. But now he can hope for a happy end of the process: Because the district court is in a central location disagree with the prosecutor’s office.
A total of five top bankers in court
Four of the manager should have testified falsely in the process to the bankruptcy of the media group of Leo Kirch before the Higher Regional Court of Munich so the accusation. Fitschen it should have failed to make a clean sweep. The presiding judge of the criminal division, Peter Noll, the hearing dates tentatively scheduled until early August. After the summer break will then probably negotiated further.
The Munich prosecutor accuses the managers of having made the Kirch before the Higher Regional Court of Munich false information in order to prevent damages payments to the heirs of the late media entrepreneur , The Bank and its former CEO Breuer had life blamed for the collapse of his company.
German bank Internally torn
A scandal chasing the next high profits are made, previous and current board members are to the prosecutor in the pillory: The German bank is in the deepest crisis of meaning since its inception. Now it is about nothing less than the identity of the bank.
Interview-utterance as The dispute had Breuer
the beginning of 2002 in a TV Interview expressed doubts as to Kirch’s creditworthiness. A few weeks later the church filed for bankruptcy. This was followed by a wave processes. Beginning of 2014, the Bank agreed with the Kirch heirs to a comparison and paid € 925 million.
However, the prosecutor determined in terms of process further fraud. Because the bank had finally paid the charge is now: attempted fraud process in a particularly severe case. The accused had always denied the allegations
German bank Chefs who remain silent
The German Bank reported a profit, with had not the expected. However, the numbers look only at first glance look good. And in the major challenges we keep the boss Jürgen Fitschen and Anshu Jain covered.
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