Deutsche Bank accused of fraud along with 3 execs

Deutsche Bank - Foyer Bridge

Deutsche Bank and at least three former executives received indictments as part of an attempted fraud probe over the bank’s handling of a more than a decade-old civil lawsuit.

Bloomberg News reports that the bank was sent a copy of the indictment, which was originally filed with a Munich court in August, said Klaus Winker, a spokesman for the bank.

At least three former bank executives also received the indictments, according to three people familiar with the matter, who asked not to be identified because prosecutors haven’t released the charges.

The case relates to allegations that former officials submitted false testimony to rebut claims in a lawsuit filed by one-time media magnate Leo Kirch.

Hit the link below to access the complete Bloomberg News article:

Deutsche Bank, Ex-Executives Said to Get Indictments in Probe

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