Deutsche Bank's co-CEO could face charges

Deutsche Bank - Foyer Bridge

German prosecutors are seeking charges against Deutsche Bank co-CEO Juergen Fitschen and several former executives at the bank in connection with the long-running Kirch bankruptcy case, legal sources said on Tuesday.

Reuters has reported prosecutors have been investigating whether Fitschen, his predecessors Josef Ackermann and Rolf Breuer, and others gave misleading evidence in a civil suit, brought by heirs of the late media magnate Leo Kirch, which ended in February after 12 years of legal wrangling.

A Munich court must now decide whether to accept the case and press charges, a decision expected to take several months.

'Deutsche Bank fundamentally does not comment on ongoing cases and points to earlier statements that the bank is convinced that any suspicion against Juergen Fitschen will be shown to be unfounded', the bank said in a written statement.

Hit the link below to access the complete Reuters article:

German prosecutors seek charges vs Deutsche Bank's Fitschen in Kirch case-sources

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