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German Prosecutors Avail Themselves Of Deutsche Bank’s Hospitality

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When prosecutors make a bee-line for your place after an uninvited visit to your lawyers, that’s probably not a good thing.

German prosecutors said they searched Deutsche Bank AG's headquarters in Frankfurt Tuesday, widening an investigation related to a long-running legal battle to include a second member of the bank's management board….

The case centers around the collapse of Kirch Group in 2002 and allegations by the heirs of the media company's late founder, Leo Kirch, that Deutsche Bank contributed to its downfall.

Although the Kirch case itself was settled last month, prosecutors say they now are investigating bank employees and lawyers who have represented Deutsche Bank on suspicion that former and current board members gave false court testimony in the case….

Last week, the law firms Hengeler Mueller, in Frankfurt, and Gleiss Lutz, in Munich, were searched. Hengeler Mueller said prosecutors were investigating whether individual lawyers assisted executives in giving false testimony.

Deutsche Bank Headquarters Searched in Probe Related to Kirch Legal Battle [WSJ]
Law Firms Searched in Connection With Deutsche Bank Case [WSJ]

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Ralf Roletschek [CC BY-SA 4.0, GFDL or CC BY-SA 3.0], via Wikimedia Commons

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