Ex-Deutsche Bank Board Member Won’t be Probed Over Wirecard

Aug. 9, 2021, 9:00 AM

Stuttgart prosecutors said they won’t open a criminal probe into former Deutsche Bank AG supervisory board member Gerd Alexander Schuetz over deals in Wirecard AG shares.

Germany’s financial regulator BaFin had asked Munich prosecutors in a criminal complaint to investigate the deals. The Munich authority later transferred the files to Stuttgart who found there was no indication of any criminal action by Schuetz that would have warranted a probe, a spokeswoman for the office said.

A lawyer for Schuetz didn’t immediately reply to an email seeking comment.

To contact the reporter on this story:
Karin Matussek in Berlin at kmatussek@bloomberg.net ...

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