Trani prosecutors to appeal to Germany in Deutsche Bank case

(ANSA) - Trani, September 30 - Trani prosecutors will formally request Germany's permission to seek documents from Deutsche Bank headquarters in Frankfurt, sources said Friday.
    The Puglia city's prosecutor's office is investigating the German bank and five of its former executives for market manipulation in the massive over-the-counter sale of seven out of eight billion euros' worth of Italian bonds in the bank's portfolio in a very short span of time in the first quarter of 2011.
    The bank and its ex-president Josef Ackermann, former co-CEOs Anshuman Jain and Jurgen Fitschen, former chief risk officer Hugo Banziger, and ex-board member and CFO Stefan Krause are accused of dumping the Italian bonds in spite of publicly giving Italy's sovereign debt a positive rating.
    Trani prosecutors says they are lodging the request after Deutsche Bank dragged its feet on providing the documentation, in spite of assurances it would do so spontaneously.