Deutsche Bank co-CEO to face trial on false testimony chages

2nd March 2015, Comments 0 comments

Deutsche Bank co-chief Juergen Fitschen will face trial in April on allegations he gave false evidence in a long-running legal battle with the defunct Kirch group, the court said Monday.

Fitschen and four others -- ex-CEOs Rolf Breuer and Josef Ackermann and former executives Clemens Boersig and Tessen von Heydebreck -- were all indicted last September and charged with the alleged attempted deception in the long-running case.

All five have denied any wrongdoing.

The higher regional court in Munich said in a statement that the trial would begin on April 28 and last at least until August.

The executives have been accused of giving misleading evidence to judges in one of the suits brought by the late media magnate Leo Kirch against the bank.

Leo Kirch, who died aged 84 in 2011, had accused Deutsche Bank of causing the downfall of his media empire in 2002 when the bank's then chief executive, Breuer, publicly questioned the group's creditworthiness in a television interview.

In February last year, Deutsche Bank announced it would pay nearly one billion euros to settle the case.


© 2015 AFP

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