- approved charges against Jürgen Fitschen and Josef Ackermann
- fraud trial at the Munich District Court 28 April
- Prosecution: Fitschen log in Kirch process
The Co-head of Deutsche Bank, Jürgen Fitschen, must stand trial in the case of the church in a fraud trial before the District Court of Munich. 5. The Trial Chamber had the charges against hinge plates and four former top manager of the Frankfurt banking house on Monday in full screen. The process will begin on April 28 – and one day before the presentation of the quarterly results of Deutsche Bank. The share of the Group extended its losses after the news of the noon of rescued recently fell back to 0.05 percent to 29.39 euros plus on.
are planned according to the court hearing date 13 days before the beginning of of August. Jurisdiction of the case is Judge Peter Noll, who had taken care of last year with the setting of the bribery trial of Formula 1 boss Bernie Ecclestone on payment of a record sum of $ 100 million for a splash.
Other managers Deutsche bank to court
Fitschen leads the German Bank since June 2012 together with Anshu Jain and is one of the most important business leaders in Germany. Must he had testified in 2011 in the parish process and thereby made by the prosecutor considers information, which had not been consistent.
responsibility In court also Fitschens predecessor Josef Ackermann and Rolf Breuer, and former chairman of the board the Bank, Clemens Börsig, and another former board of Germany’s largest banking house. Since the managers are accused in a criminal trial, it must appear in person and can not be represented by lawyers. Judge Noll also ordered the side subsidiary of Deutsche Bank.
defendants, all allegations
The five top managers have combined the prosecutor believes to late payment of compensation to the heirs of 2011 media entrepreneur Leo Kirch to avoid. Based on false information, the Court of Appeal Munich was to be deceived. The prosecution had filed charges last summer. After a thorough examination, the Trial Chamber had this to now. The accused had always denied the allegations.
Church had the bank and its former CEO Breuer life blamed for the collapse of his media group. 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.
accusation of attempted fraud process
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 627-page indictment also relies on documents seized during searches of Deutsche Bank.. The law provides for attempted fraud in a particularly severe case according to the prosecutor a punishment of six months to ten years ago. The former chairman of the board Börsig and another former board also must also be responsible for alleged unsworn false statement.
No comment from Deutsche Bank
The German bank but showed further from the innocence of the manager convinced. “The German bank generally does not comment on pending proceedings. For all current and former directors of the Bank are presumed innocent, “confirmed a spokesperson for the company in Frankfurt an earlier statement of the bank.
Fitschen will spend in the future some time in court and can not be at full strength the devote reorganization of the Bank. The money house will introduce a new strategy in the spring – the debate is, according to financial circles, among others, a spin-off of Postbank. Also, the image of the Deutsche Bank, which has declared a cultural change, the process was a major setback, said Klaus Nieding, Vice-President of the Shareholder Association DSW, told Reuters. “For the Bank, it is another black spot on her vest.”
Ackermann was already 2004 to 2006 in the Mannesmann trial for embezzlement accusations in court. The trial was stopped production at the end opposite millionaire money constraints for the reputation of the Deutsche Bank, he was nevertheless a meltdown same. The “Victory” sign, posed with the Ackermann start of the process before photographers applies to critics today as a symbol of the arrogance of bankers.
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