Top Deutsche Bank Execs Eyed In German Tax Evasion Probe

Law360, New York (December 12, 2012, 5:07 PM EST) -- Deutsche Bank AG confirmed Wednesday that two of its top executives were the subject of an investigation by German prosecutors into tax evasion linked to the firm's carbon emissions trading business following police raids at the bank's headquarters.

Germany's largest lender said co-Chief Executive Juergen Fitschen and Chief Financial Officer Stefan Krause are among the subjects of the investigation led by the Frankfurt Public Prosecutor’s Office, which led the raid. Neither Fitschen nor Krause were among five people that were arrested during the raids.

Fitschen and...
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