AGL 38.69 Increased By ▲ 0.47 (1.23%)
AIRLINK 129.00 Increased By ▲ 0.03 (0.02%)
BOP 8.71 Increased By ▲ 0.86 (10.96%)
CNERGY 4.78 Increased By ▲ 0.12 (2.58%)
DCL 8.60 Increased By ▲ 0.28 (3.37%)
DFML 38.60 Decreased By ▼ -0.34 (-0.87%)
DGKC 85.00 Increased By ▲ 3.06 (3.73%)
FCCL 35.15 Increased By ▲ 1.73 (5.18%)
FFBL 75.75 Increased By ▲ 0.04 (0.05%)
FFL 12.84 Increased By ▲ 0.02 (0.16%)
HUBC 110.41 Increased By ▲ 0.05 (0.05%)
HUMNL 14.35 Increased By ▲ 0.34 (2.43%)
KEL 5.44 Increased By ▲ 0.29 (5.63%)
KOSM 7.69 Increased By ▲ 0.02 (0.26%)
MLCF 41.30 Increased By ▲ 1.50 (3.77%)
NBP 71.50 Decreased By ▼ -0.82 (-1.13%)
OGDC 191.52 Increased By ▲ 3.23 (1.72%)
PAEL 26.31 Increased By ▲ 0.68 (2.65%)
PIBTL 7.46 Increased By ▲ 0.09 (1.22%)
PPL 157.00 Increased By ▲ 4.33 (2.84%)
PRL 25.95 Increased By ▲ 0.56 (2.21%)
PTC 18.81 Increased By ▲ 1.11 (6.27%)
SEARL 83.00 Increased By ▲ 0.58 (0.7%)
TELE 7.81 Increased By ▲ 0.22 (2.9%)
TOMCL 33.10 Increased By ▲ 0.53 (1.63%)
TPLP 8.39 Decreased By ▼ -0.03 (-0.36%)
TREET 16.80 Increased By ▲ 0.02 (0.12%)
TRG 56.45 Increased By ▲ 0.41 (0.73%)
UNITY 28.95 Increased By ▲ 0.17 (0.59%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 10,769 Increased By 110.8 (1.04%)
BR30 31,925 Increased By 593.2 (1.89%)
KSE100 100,199 Increased By 930.2 (0.94%)
KSE30 31,258 Increased By 226 (0.73%)

Prosecutors have again searched the headquarters of Deutsche Bank, this time in connection with its legal battle with the estate of dead media mogul Leo Kirch, a week after a high-profile raid in a carbon tax probe. Munich prosecutors searched Deutsche's headquarters on Wednesday, seizing documents but arresting no-one, a spokesman for the Munich prosecutor's office said on Thursday.
Deutsche confirmed the search, part of an investigation by Munich prosecutors into whether former chief executives Rolf Breuer and Josef Ackermann, among others, may have given false evidence in Kirch's decade-long lawsuit. Deutsche also repeated its denial of any wrongdoing. One eyewitness said Wednesday's search involved only a dozen or so officials, small compared with last week's carbon tax probe raid by Frankfurt prosecutors, in which 500 police and tax inspectors in three cities took part.
Co-chief executive Juergen Fitschen is being investigated as part of the Frankfurt prosecutors' probe and came under fire from German politicians from across the spectrum after calling a senior local politician to complain about last week's raid. This week's search added to the difficulties for a bank grappling with a raft of legal headaches as well as major regulatory changes in the wake of the global banking crisis.
Munich prosecutors had already searched Deutsche's offices in the false evidence probe in November, 2011. Kirch had claimed ex-Deutsche chief executive and later Chairman Breuer triggered his media group's downfall by questioning its creditworthiness in a 2002 television interview.

Copyright Reuters, 2012

Comments

Comments are closed.