Sat Dec 20, 2014 6:33am EST
* Prosecutors to ask court to fine Deutsche Bank - paper
* Any fine could total up to 1 mln euros - prosecutors
* Prosecutors already charged co-CEO Fitschen in case
* Paper cites 627-page document detailing the charges (Adds prosecution statement)
FRANKFURT, Dec 20 (Reuters) - Deutsche Bank faces a fine for making false statements in connection with the Kirch media group's long-running bankruptcy case, German daily Sueddeutsche Zeitung reported.
Munich prosecutors in September filed charges against Deutsche Bank co-Chief Executive Juergen Fitschen and several former bank executives related to a civil court case brought by the heirs of Leo Kirch, the deceased media magnate who had sued Deutsche Bank.
Citing a 627-page document detailing the charges, the paper said on Saturday that prosecutors plan to ask the court to slap Deutsche Bank with a fine as part of the proceedings, alleging it made false statements.
Sueddeutsche said the fine could total up to 10 million euros ($12.23 million), but Munich prosecutors issued a statement saying any fine would be no more than 1 million euros, while declining to comment further on the report.
Deutsche Bank also declined to comment, citing its policy of not commenting on ongoing litigation. It has previously said it believes prosecutors' allegations against Fitschen would prove unfounded.
Kirch, who died in 2011, blamed the country's largest lender for his group's demise, setting off one of Germany's most acrimonious corporate disputes, which was settled in a deal costing Deutsche about 925 million euros.
Sueddeutsche Zeitung said prosecutors found documents during raids at Deutsche Bank offices showing that the lender, contrary to its statements, tried in early 2002 to win a mandate from Kirch to sell large parts of his company and make a profit from the deal.
The Munich court has yet to decide whether the case, which also includes charges against former CEOs Josef Ackermann and Rolf Breuer as well as two other former executives, will go to trial.
($1 = 0.8179 euros) (Reporting by Maria Sheahan; Editing by Christian Plumb and Elaine Hardcastle)
- Link this
- Share this
- Digg this
- Reprints
Anda sedang membaca artikel tentang
UPDATE 1-Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung
Dengan url
http://streswajah.blogspot.com/2014/12/update-1-deutsche-bank-faces-fine-in_22.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
UPDATE 1-Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung
namun jangan lupa untuk meletakkan link
UPDATE 1-Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung
sebagai sumbernya
0 komentar:
Posting Komentar