German Bank Co-CEO Juergen Fitschen
The Co-head of Deutsche Bank, Jü rgen Fitschen, and four former top manager of the Frankfurt banking house must stand trial in a fraud trial before the District Court of Munich. The District Court of Munich had admitted the charges in full for attempted fraud in the parish trial of hinge plates and other ex-manager of the bank, said a court spokeswoman in Munich on Monday. The trial is scheduled to begin in late April.
Fitschen leads the German Bank since June 2012 together with Anshu Jain and is one of the most important business leaders in Germany. He had testified in 2011 in the parish process and thereby made by the prosecutor considers information, which had not been consistent. Must stand t rial is also Fitschens predecessor Josef Ackermann and Rolf Breuer, and former chairman of the board of the bank, Clemens Börsig, and another former board of Germany’s largest banking house.
The five top managers have combined the prosecutor’s view, in order to avoid damages to the heirs of the late media entrepreneur Leo Kirch. Based on false information, the Court of Appeal Munich was to be deceived. The prosecution had filed charges last summer. After a thorough examination was the presiding judge of the 5th Criminal Division, Peter Noll, these now. The 627-page indictment also relies on documents seized during searches of Deutsche Bank.
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Kirch had life blamed for the failure of his media company, the Bank and its former CEO Breuer. Breuer had expressed doubts about Kirch’s creditworthiness in early 2002 in a TV interview. 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 euros. However, the prosecution in matters of attempted fraud detected process further.
The District Court of Munich stands with the prosecution again a spectacular process into the house: Just last summer, it was Judge Peter Noll to do with Formula 1 boss Bernie Ecclestone. For the trial of hinge plates & amp; He initially planned 13 days of hearings to early Au gust Co. “Whether the process can be completed within this time, is not yet clear,” court spokeswoman Barbara Stockinger said on Monday. As a defendant in a criminal trial, managers must personally come to court.
Fitschen is not the first German bank chief who has to replace his office from time to time with the Courtroom: The Mannesmann trial forced predecessor Ackermann from January 2004 to do so. Only after almost three years presented, the Düsseldorf district court a process to premiums and pension decisions related to the Mannesmann takeover by Vodafone against a money circulation. In the current case, the scheduling of the Munich District Court is expected to meet with the trial hinge plates per week.
Just over a year, the German bank ended the long-running legal dispute over a joint responsibility for the bankruptcy of the Kirch Media Group with a settlement. Ticked Off the topic is not so: In late April, among others, the reigning co-CEO Juergen Fitschen must be brought to justice. A Chronology:
February 2002 German Bank CEO Rolf Breuer, the creditworthiness of the Kirch group in question. In a TV interview, he says: “All the things you can read about and hear is true, that the financial sector is not willing to put on a constant basis, additional debt or even own resources.”
April 2002 The Kirch Group files for bankruptcy on their core business. Later, the parent company of Taurus Holding follows.
January 2006: The Bundesgerichtshof (BGH) notes, the Bank and Breuer were the media mogul Leo Kirch generally obliged to pay damages. A liability of the Bank for the collapse of the entire media empire deny the judge.
14th July 2011: church dies at the age of 84 years
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November 2011: The Munich prosecutor accused the former Bank CEO Josef Ackermann to have made false statements in the parish process. Even ex-boss Breuer and other managers are in the sights of authority – and later today’s Co-CEO Juergen Fitschen
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14th December 2012: The Higher Regional Court (OLG) Munich condemns the German bank to pay damages for losses due to the bankruptcy of the Kirch empire. The amount is to be determined by the referees.
20th February 2014: The German bank pays the Kirch heirs in comparison to 925 million euros
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23rd September 2014: The Munich prosecutors bring charges against Fitschen, his predecessor Breuer and Ackermann, the former chairman of the board of Deutsche Bank, Clemens Börsig, and another former board. She throws them false testimony in and going of attempted fraud in a particularly severe case of.
. 2 March 2015: Munich Regional Court makes the indictment in full screen. The trial is scheduled to begin on April 28.
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