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Deutsche Bank Tax Probe Targets About 80 Current, Former Staff

From bnnbloomberg.ca

About 80 former and current employees of Deutsche Bank AG are suspects in an investigation by German prosecutors into an alleged tax fraud, according to a person familiar with the matter. The suspects include investment bank head Garth Ritchie, as well as ex-chief executive officer Josef Ackermann and former co-CEO Anshu Jain, other people have said. A Deutsche Bank spokesman declined to comment and calls to the prosecutor’s office weren’t immediately answered. Prosecutors have been conducting a criminal probe into some of the biggest names in European and U.S. finance, looking at the roles banks, law firms and ... (full story)

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