Monday, April 25, 2016

Acquittal of Fitschen and four other bankers – FAZ – Frankfurter Allgemeine Zeitung

Juergen Fitschen this Monday at the Regional court in Munich.
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acquittal of five top bankers Deutsche Bank: Co-CEO Juergen Fitschen, his predecessor Josef Ackermann and Rolf Breuer and two other ex-bankers who according to a ruling by the Munich district court not committed an offense for attempted process fraud case Kirch. The almost one year lasting process against the five bankers, the indictment is not confirmed by the judge considers. “The Tatvorwüfe have not been confirmed,” the presiding judge Peter Noll said on Monday in the court’s opinion. For Fitschen acquittal few weeks before his farewell to the head of Deutsche Bank’s one last triumph.

The prosecution had him and the other bankers accused of having lied before the Higher Regional Court in Munich five years ago, to preserve the German bank before payment of compensation for the bankruptcy of the Kirch media group. For Ackermann and Breuer, prosecutors had called for more prison sentences for Fitschen a suspended sentence and a fine. Noll but he has repeatedly hinted that not convinced him the charges.

The 2011 deceased media entrepreneur Leo Kirch had Breuer and the German Bank life blamed for the collapse of his company, because this beginning of 2002 to a had television interview critical of the creditworthiness of the Kirch group. A few weeks after the interview reported Kirch insolvency. It was followed by a wave of processes. Early 2014 agreed the bank with the Kirch heirs to a comparison and paid 925 million Euro. The Munich prosecutor assumed that the five bankers have not truthfully testified in the former process in court and complained to them.

The defendants had denied the allegations from the outset. However, the prosecutor did not give up and made more than 40 requests proof to convince the court of the allegations. but this was not successful. Last week lost Richter Noll patience. Visibly outraged he accused the prosecution “guesswork out of the blue” before and refused a request for further search Deutsche Bank

Originally, the completion of the procedure in the previous year been planned, but had always been delayed further. The lawyer of the former German Bank CEO Breuer, Norbert Scharf, in particular chief prosecutor Christiane Serini repeatedly accused deliberately to undergo the procedure in the length. For them, the acquittals mean a bitter defeat.

A few weeks ago a trial against former Porsche manager acquittals had ended in Stuttgart. There, too, had the prosecutor drawn harsh criticism for their charges.

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