Deutsche Bank’s violations of these laws spanned Saudi Arabia, Abu Dhabi, Italy and China, according to prosecutors. Foreign Corrupt Practices Act forbids companies operating in the U.S. The scheme included prominent portions of Deutsche Bank’s executive leadership, who “knowingly and willfully conspired” to hide and falsify payments to crooked consultants, prosecutors said. Prosecutors say the German bank misrepresented these expenses in its recordkeeping. prosecutors announced late last week.īeginning in 2009, Deutsche Bank embarked on a seven-year course of misconduct, prosecutors said, funneling more than a million dollars in outright bribes and millions more in related expenses to so-called “business development consultants” around the world. ![]() ![]() Deutsche Bank has agreed to pay over $130 million to resolve allegations that the German bank had devised a “scheme to conceal corrupt payments and bribes” to bolster its business around the world, U.S.
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