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Deutsche Bank Co-CEO Close to Acquittal After Yearlong Trial

  • Munich court rejects bid by prosecutors for new search in case
  • Prosecutors seek prison terms for former bank executives
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A Munich judge said prosecutors pursuing Deutsche Bank executives in a year-old criminal trial related to the collapse of Leo Kirch’s media empire have failed to prove the charges as the proceedings move to the final stages.

“This trial so far has shown that the allegations are unfounded,” Presiding Judge Peter Noll said shortly before closing arguments started Tuesday. The court rejected prosecutors’ request for more searches, saying they would be unlikely to produce new findings in a dispute that stretches back more than a decade.