Germany Drops Probe of Former Deutsche Bank Board Member Over Wirecard
German prosecutors have dropped an investigation of former Deutsche Bank supervisory board member Alexander Schuetz for alleged insider trading of Wirecard shares, a Stuttgart state prosecutor said on Monday.
Germany's securities regulator BaFin filed a criminal
complaint against Schuetz in April.
Stuttgart prosecutors, which had been handling the
complaint, found no initial grounds for suspicion in the case and will not
pursue the issue further, the Stuttgart prosecutor said.
A spokesperson for Schuetz declined to comment.
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