Deutsche Bank’s Schuetz Faces Criminal Probe Over Wirecard (2)

Germany’s financial regulator filed a criminal complaint against Deutsche Bank AG supervisory board Gerd Alexander Schuetz, escalating scrutiny of the investor as he prepares to step down from the lender over his connections with defunct payments company Wirecard AG.

Munich prosecutors have received the complaint related to Schuetz’s transactions in Wirecard shares from the watchdog, though have yet to evaluate whether they have jurisdiction over the matter concerning the Austrian national, according to a spokeswoman. A BaFin spokeswoman declined to comment, while a representative for Schuetz wasn’t immediately able to comment.

Alexander Schuetz

Source: C-Quadrat

Schuetz, the co-founder of Austrian asset manager ...