Deutsche bank CEO denies charges

Added On May 20, 2015

Deutsche Bank's co-chief executive, Juergen Fitschen, has denied charges of giving false testimony in a legal battle with the defunct Kirch media group.
Prosecutors accuse Fitschen of working together with the four other co-defendants to mislead the judicial system by making similar statements in Kirch's bankruptcy proceedings four years ago.
The alleged plot failed, and Deutsche Bank agreed to pay 775 million euros last year to settle a civil case brought by the heirs to Leo Kirch, the founder of the Kirch media group who died
in 2011.
As a result, the five defendants in the criminal case are charged with attempted fraud.

The trial's proceedings are scheduled to take place over 16 dates that are to end September 22. The defendants face prison sentences of six months to 10 years if convicted.