Deutsche Bank leader cleared of fraud allegations

MUNICH, Germany, April 25 (UPI) — Deutsche Bank Co-CEO Jürgen Fitschen was cleared Monday of allegations he gave false testimony in a legal dispute involving Kirch Media Group that lasted more than a decade.

Fitschen and other former bank executives were accused of giving false testimony in a civil suit in connection with the collapse of German media mogul Leo Kirch’s company. The court also dismissed charges against Fitschen’s predecessors, Rolf Breuer and Josef Ackermann, and two other former management board members, Clemens Boersig and Tessen von Heydebreck.

“The accusations weren’t substantiated,” said Peter Noll, the presiding judge. Prosecutors have one week to appeal the ruling.

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One response to “Deutsche Bank leader cleared of fraud allegations

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