Deutsche Bank pays nearly $125mln to resolve US bribery, fraud claims
Business January 10, 2021 New York: Deutsche Bank has agreed to pay US authorities nearly $125m and entered into a deferred prosecution agreement to resolve allegations that it breached bribery and fraud laws by using a network of business development consultants to funnel kickbacks to clients. Friday’s settlements with the Department of Justice and the Securities and Exchange Commission also included about $7.5m of penalties for using false orders to manipulate precious metals pricing, though some $5.6m of this was offset against a 2018 settlement with the Commodity Futures Trading Commis...
Source: thenews.com.pk