Broker Who Paid Exec For Deutsche Deals Claims No Bribery
Law360, London (May 15, 2019, 8:42 PM BST) -- A former brokerage firm director testified Wednesday that he "didn’t see it as bribery” when he gave a Dutch housing executive a cut of fees from Deutsche Bank for derivatives deals the company entered into — which ended up costing the property provider €840 million ($940 million).
Arjan Greeven, the former director of First in Finance Alternatives, or FIFA, said in a witness statement presented to the High Court during trial testimony that the executive of Stichting Vestia, one of the Netherlands’ largest affordable-housing providers, demanded the payments.
Under cross-examination, Greeven said Vestia’s former treasury and control manager, Marcel de Vries,...
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