Morgan Stanley executive investigated in Germany

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BERLIN (AP) — A former governor from Chancellor Angela Merkel’s party who is being investigated with the head of Morgan Stanley’s German branch in connection with the sale of shares in a local power company always acted in the interests of his state, his attorney said Thursday.

Dirk Notheis, who has been on indefinite leave from Morgan Stanley since last month, and former Baden-Wuerttemberg governor Steffen Mappus are being investigated on suspicion of accessory to breach of trust and breach of trust, prosecutors said in a statement.

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