Category: banks

German authorities raid Deutsche Bank in money laundering investigation

Posted on By 4am Research No Comments on German authorities raid Deutsche Bank in money laundering investigation

Germany’s federal police office, criminal prosecutors and the country’s financial watchdog BaFin raided Deutsche Bank’s headquarters in Frankfurt on Friday, prosecutors said in a statement. The prosecutors said that a search warrant was issued by Frankfurt’s district court, based on the suspicion that unnamed Deutsche Bank employees may have violated anti-money laundering laws. They declined…

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_enforcement, banks, Business & Economy, corporate corruption, Corruption, Enforcement Actions, government corruption, Investigations

Former Goldman Banker Ng Found Guilty in 1MDB Fraud Scheme

Posted on By CorruptionLedger No Comments on Former Goldman Banker Ng Found Guilty in 1MDB Fraud Scheme

Roger Ng convicted on all three counts: The jury convicted Ng of two counts of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) through bribery and circumvention of Goldman’s internal accounting controls, as well as one count of conspiracy to commit money laundering.

banks, Business & Economy, Corruption

Deutsche Bank Fired Senior Bankers Over Strip Club Bill

Posted on By CorruptionLedger No Comments on Deutsche Bank Fired Senior Bankers Over Strip Club Bill

Deutsche Bank AG fired a number of top bankers in New York after a tab run up at a strip club was expensed as legitimate business spending, according to people with knowledge of the matter. Ben Darsney, former Americas head of equity capital markets, Ravi Raghunathan, Brandon Sun and Daniel Gaona were fired after seeking…

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banks, Business & Economy, corporate corruption, Corruption, government corruption