German prosecutors are investigating Michael Cohrs, a former top investment banker at Deutsche Bank and current Bank of England non-executive director, over testimony he gave before a judge in court over the collapse of the Kirch media empire.
Reuters reports that Cohrs is suspected of having delivered misleading testimony in a court process related to Deutsche Bank's legal battle with the late media mogul Leo Kirch, a spokesman for the Munich prosecutor said on Friday, declining to give further details.
Naming Cohrs, a U.S. national, as an additional target in a criminal investigation marks a widening of a decade-old case that has already led to Deutsche Bank's current co-Chief Executive Juergen Fitschen also being named as a suspect in late 2013.
Cohrs once rivalled the bank's other co-CEO, Anshu Jain, as head of Deutsche's powerful investment bank before quitting the bank in 2010.
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