Deutsche Bank Had to Know of Bribes, Says Man Who Paid Them
- Arjan Greeven, who confessed over fees, testifies in U.K. suit
- Bank says no one there knew about payments, as Vestia sues
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Deutsche Bank AG “must have known” that fees it was paying for deals with the Dutch housing firm Stichting Vestia were being used for bribes, according to the man who received those fees -- and has since confessed to bribery.
Arjan Greeven, a middleman who helped arrange trades between the bank and Vestia, an affordable-housing provider, testified Wednesday at a London trial where Vestia is suing Deutsche Bank in a bid to recoup some of the money it lost on derivatives trades.