Deutsche Bank

Deutsche Bank CFO says Police raids were not their fault

Police raids on Deutsche Bank’s offices in Frankfurt last week were, of course, not the fault of the current management team, according to the firm’s chief financial officer (CFO). Two Deutsche Bank staff members are suspected of helping clients set up off-shore businesses to launder money gained from criminal activity.

Police raids on Deutsche Bank’s offices in Frankfurt last week were, of course, not the fault of the current management team, according to the firm’s chief financial officer (CFO).

Two Deutsche Bank staff members are suspected of helping clients set up off-shore businesses to launder money gained from criminal activity.

The wrongdoing is alleged to have continued through to 2018 but the bank’s financial chief, James von Moltke, told CNBC’s Annette Weisbach Thursday that current executives shouldn’t shoulder the blame.

“To date, we are not aware of any wrongdoing on our part, so we will await the conclusion of the prosecutors,” Von Moltke said.

In 2016 alone, more than 900 customers with a business volume of 311 million euros ($353.6 million) were thought to have been cared for by a Deutsche Bank subsidiary based in the British Virgin Islands, the prosecutor said.

Indymac Mortgage Fraud: Restitution for Investors But Burke Dishonorably Blocked in Federal Courts for 14 Yrs

Perry told staff that he wanted the name of any underwriter who was not approving loans…staff to inflate applicants’ financial information.

Justice in the Wild West: One Fearless Widow’s 15-Year Battle for Truth and Honor Amongst Cloaked Rustlers

The Texas Struggle: Defying Northern Banking Giants and Their Federalists in Black Robes. The Cloaked Judicial Outlaws n’ Home Rustlers.

Cindy Creech Applies the Brakes on Agreed Expedited Foreclosure Judgment by Passing the Bandit Baton

From Foreclosure Defense legal Bandit Jeff Jackson to Dave Medearis, Cindy Creech relies upon associate Judges to Stop Foreclosure

Deutsche Bank CFO says Police raids were not their fault
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top