DEUTSCHE BANK HAS TO PAY A FINE OF 125 MILLION FOR CASES OF CORRUPTION…. INCLUDING A JUDGE IN ITALY

On Friday, Deutsche Bank agreed with the American federal authorities a fine of 125 million dollars following the discovery of several cases of corruption, hidden in the form of "Referral fees", "Information fees", covering different areas of the world, from Saudi Arabia, to China and Italy. All of this was reported by the New York Times .

The investigation by the US Department of Justice and the SEC found that these commissions were actually bribes destined for important figures in the political world. Investigations found that Deutsche Bank made approximately $ 7 million in improper payments to foreign brokers between 2009 and 2016, earning approximately $ 35 million from the resulting deals.

The bank accepted its responsibilities thus avoiding being subjected to a criminal investigation, but also by agreeing to pay a very heavy administrative fine which, as we have said, was set at 125 million euros. The cases involve:

• a Saudi family, in which the Bank paid a "Mediation" to the wife of the owner of the large family business in order to enter his business;
• In China, where the Bank wanted to create an investment fund in the energy sector, it enlisted the advice of a person with close contacts with a government figure;
• in Italy where the Bank has “developed a business relationship” with an Italian judge.

Who is this judge? Is the CSM IT? Why is a bank fined in America for a case of "Bribe", "Mazzette" in Italy and nothing is known here? Mysteries of our justice.

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The article DEUTSCHE BANK HAS TO PAY A FINE OF 125 MILLION FOR CASES OF CORRUPTION…. INCLUDING A JUDGE IN ITALY comes from ScenariEconomici.it .

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This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/deutsche-bank-deve-pagare-una-multa-di-125-milioni-per-casi-di-corruzione-fra-cui-un-giudice-in-italia/ on Mon, 18 Jan 2021 07:30:15 +0000.