- Munich prosecutors close to losing Deutsche Bank fraud case
- Judges on Tuesday denied request in criminal trial over Kirch
Munich prosecutors are appealing a court ruling that blocked a new search of Deutsche Bank AG as they try to avoid a defeat in the lender’s fraud trial over the collapse of Leo Kirch’s media empire.
The Munich trial court must now decide on how to proceed and whether to halt the trial, Thomas Steinkraus-Koch, a prosecutor spokesman, said in an e-mailed statement. The appeal request will be transferred to an appeals court should the trial judges stand by their original ruling after reconsideration, court spokeswoman Andrea Titz said.
The move comes as the Munich trial against Co-Chief Executive Officer Juergen Fitschen, former CEOs Josef Ackermann and Rolf Breuer and two other former managers, charged with deceiving a civil court in a lawsuit by Kirch, is preparing its verdict. Presiding Judge Peter Noll dismissed a last-minute bid Tuesday by prosecutors to raid the bank, saying the allegations hadn’t been proven during the hearings.
Noll also said at the time that he doesn’t think an appeal by prosecutors against the ruling would delay the trial. Prosecutors and lawyers for two of the accused have already delivered closing arguments. A verdict may come as soon as next week.
Deutsche Bank spokesman Arnim Niedermeier declined to comment.