Deutsche Bank said to be named as defendant

Bloomberg
Last Updated : Aug 21 2014 | 12:17 AM IST
Deutsche Bank AG was named as a civil defendant in the Munich criminal case against bank executives including co-Chief Executive Officer Juergen Fitschen, who was charged earlier this month, a person with knowledge of the case said. Prosecutors in Munich who have been probing the lender's defence in civil litigation with the late media entrepreneur Leo Kirch added Deutsche Bank as an "associated party" in charges they filed against Fitschen and former CEOs Rolf Breuer and Josef Ackermann, said the person, who asked not to be named because the indictments are still private. Deutsche Bank sought to end the 12-year-old dispute when it settled with the heirs of the media mogul in February for euro 925 million ($1.23 billion).

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First Published: Aug 21 2014 | 12:05 AM IST

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