One of Germany’s highest-profile corporate trials has opened in Munich. Deutsche Bank’s co-chief executive Juergen Fitschen and four others are accused of giving misleading evidence in connection with the collapse of the Kirch media empire.
The prosecution allege the five, including two former Bank CEO’s Josef Ackerman and Rolf Breuer misled an appeals court in a civil suit brought by the heirs of the late media magnate Leo Kirch.
Deutsche Bank settled the civil suit last year in a deal costing the bank around 925 million euros.
The case against Fitschen and his four co-accused is expected to run until at least September.