Sunday, December 30, 2012

German police officers swoop on Deutsche Bank offices in tax evasion probe | Synopsis

German police officers swoop on Deutsche Bank offices in tax evasion probe

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Excerpt:

FRANKFURT, Germany Deutsche Bank (DB) says its co-chief executive Juergen Fitschen and chief finance officer Stefan Krause are under investigation as part of a tax evasion probe linked to the bank's emissions trading business. The bank said Wednesday Fitschen and Krause are being investigated because they signed off on the company's 2009 tax declaration. The bank says any errors in the declaration were corrected later in a timely way, adding that prosecutors say the changes were made too late. 5 citizens who left the U.S. to avoid paying tax Report: Deutsche Bank drops unethical traders Prosecutors said 500 police officers swooped Wednesday on Deutsche Bank AG offices and private properties in Frankfurt, Berlin and Duesseldorf. Fitschen took over as co-CEO along with Anshu Jain earlier this year; in 2009, he was the head of the company's regional businesses.

People:

Juergen Fitschen

Overall Sentiment: -0.0219789

Relevance: 0.310963

Stefan Krause

Overall Sentiment: -0.0672641

Relevance: 0.21141

Additional Info:

Company: Deutsche Bank

Overall Sentiment: -0.197831

Relevance: 0.861424

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