EXECS EYED: Deutsche Bank says its co-Chief Executive Juergen Fitschen and Chief Finance Officer Stefan Krause are under investigation as part of a tax evasion probe linked to the bank’s emissions trading business.
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ALLEGED TAX FRAUD: The bank says the investigation began in the spring of 2010 and focuses on “a limited number of individuals” under suspicion of fraud connected with the value-added tax in the trading of carbon emission certificates.
FIXED TOO LATE?: The bank says any errors in the declaration were corrected later in a timely way. Prosecutors say the changes were made too late.
