Deutsche Bank managers leave amid spy probe: Source
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Deutsche Bank managers leave amid spy probe: Source

Last Updated: Wednesday, July 22, 2009, 00:03
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Deutsche Bank managers leave amid spy probe: Source Frankfurt: Germany's biggest bank, Deutsche Bank, is embroiled in another spying scandal in the corporate sector that according to a financial source has led two managers to leave the company amid a probe by prosecutors.

The head of security for the bank and its head of investor relations "have left the company," the source told agency today.

State prosecutors are checking whether the evidence warrants a formal investigation, but the person in charge is on holiday and "he will only look into it once he gets back," a spokeswoman told agency.

Deutsche Bank declined to comment, saying it was waiting for the results of an internal enquiry launched in May by an independent company.

Corporate surveillance of employees and others touches a sensitive nerve in Germany owing to practices suffered by the population in the past.

A Deutsche Bank spokesman did confirm that prosecutors in Frankfurt, where the bank is based, were checking information provided by the regional public authority charged with the protection of personal data.

That group has requested more information from Deutsche Bank on two cases and said it had already passed some along to judicial officials.

Bureau Report

First Published: Wednesday, July 22, 2009, 00:03

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