[ad_1]
By TOM HAYS, Related Press
NEW YORK (AP) — Deutsche Financial institution has agreed to pay a nice of greater than $100 million to keep away from a legal prosecution on fees it participated in a overseas bribery scheme.
Attorneys for the financial institution waived its proper to face an indictment on conspiracy fees Friday throughout a teleconference with a federal decide in New York Metropolis.
Federal prosecutors in Brooklyn did not reveal on the listening to which nations had been concerned. Beforehand, the financial institution has agreed to a Securities and Change Fee nice of $16 million to resolve separate allegations of corrupt dealings in Russia and China.
Deutsche Financial institution mentioned it will haven’t any instant remark.
The financial institution’s settlement to keep away from prosecution comes within the waning days of the administration of President Donald Trump, who had a longtime private enterprise affiliation with the financial institution.
Copyright 2021 The Associated Press. All rights reserved. This materials will not be revealed, broadcast, rewritten or redistributed.
[ad_2]
Source link
