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Deutsche Bank Had to Know About Bribes, Says Man Who Paid Them

From bnnbloomberg.ca

Deutsche Bank AG “must have known” that fees it was paying for deals with the Dutch housing firm Stichting Vestia were being used for bribes, according to the man who received those fees -- and has since confessed to bribery. Arjan Greeven, a middleman who helped arrange trades between the bank and Vestia, an affordable-housing provider, testified Wednesday at a London trial where Vestia is suing Deutsche Bank in a bid to recoup some of the money it lost on derivatives trades. The bank agreed to pay Greeven a fee every time it entered into a trade with Vestia, he said, and he shared those fees with Vestia’s treasury ... (full story)

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