Leo Kirch’s death a month ago hasn’t laid to rest his legal fight with Deutsche Bank AG and its former chief, Rolf Breuer. The man Kirch blamed for the downfall of his media group faces claims he lied to judges in a trial that began today and was adjourned only shortly after.
Deutsche Bank AG Chief Risk Officer Hugo Banziger told a German court he doesn’t remember discussing the financial situation at Leo Kirch’s media group before February 2002 with the bank’s then-chief executive Rolf Breuer.
Deutsche Bank AG will pay about 925 million euros ($1.27 billion) to settle a 12-year-old dispute with the heirs of Leo Kirch over the collapse of his media group, according to two people familiar with the matter.
Former Deutsche Bank AG Chief Executive Officer Rolf Breuer , charged with attempted fraud over his testimony in a lawsuit filed by Leo Kirch , rejected a settlement with prosecutors that would have included a fine and a suspended prison sentence.
Former Deutsche Bank AG Chief Executive Officer Rolf Breuer told a court today that he wasn’t told beforehand that a 2002 meeting with then-German Chancellor Gerhard Schroeder would discuss the situation of the late Leo Kirch’s media group.
Rajat Gupta, the former Goldman Sachs Group Inc. director once accused of feeding inside information to Galleon Group LLC’s Raj Rajaratnam, will face federal charges, a person familiar with the matter said, making him the highest-ranking executive to be named in the probe.
Deutsche Bank AG, Germany’s biggest bank, is close to settling litigation over the collapse of Leo Kirch’s media group for more than 900 million euros ($1.2 billion), according to a person with knowledge of the talks.