Deutsche Bank said to probe senior employees over Russia bribery allegations

Deutsche Bank - Foyer Bridge

Deutsche Bank’s internal probe into possible money laundering at its Russian unit has sparked an investigation into whether a senior employee took bribes, people with knowledge of the situation said.

Bloomberg News reports that the bribery investigation is in its early stages, the people said, requesting anonymity because the matter is private.

Unexplained funds were discovered in accounts controlled by the employee and the employee’s spouse, the people said. The people didn’t identify the employee.

Deutsche Bank has now broadened its own probe to examine trading activities with 10 to 12 mainly Russian broker counterparties, the people said.

To access the complete Bloomberg News article hit the link below:

Deutsche Bank Said to Probe Senior Russia Employee Over Bribes

The Fed Is Looking at a Very Different Dollar Than Wall Street

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts