Windhorst Cleared in German Criminal Probe Over Banking Laws (1)

German financier Lars Windhorst was cleared after a German criminal investigation into whether he breached banking rules by setting up a financing vehicle to pay back investment firm H2O Asset Management.

Berlin prosecutors dropped the probe because they didn’t find evidence that would have warranted criminal charges, a spokesman for the agency said. The probe was officially closed in April.

Lars Windhorst

Photographer: Hollie Adams/Bloomberg

At the heart of the investigation was Evergreen Funding, a company Windhorst created to raise money and buy back bonds from London-based H2O, and its dealings with his holding company Tennor Holding. The Berlin investigation was prompted ...