The Frankfurt-based Deutsche Bank
is being probed in the southern Italian city of Trani along with
several former executives for alleged market manipulation, ANSA
sources said on Friday.
The case regards the sale of around seven billion euros'
worth of Italian State bonds on the first half of 2011.
Italy risked a Greek-style financial meltdown at the peak
of the eurozone crisis in 2011 when the costs of servicing its
massive debt soared. Silvio Berlusconi's third government was
forced to make way late in 2011 for the emergency technocrat
executive of Mario Monti.
Former Deutsche Bank chief executive Josef Ackermann,
former co-CEO Anshuman Jain, outgoing co-CEO Juergen Fitschen,
former risks office chief Hugo Banziger and former financial
director Hugo Banziger are under investigation, the sources
said. Investigators seized documents and emails from the German
bank's Milan office a few days ago and questioned DB's chief
country officer for Italy, Flavio Valeri, sources said.
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