Home News Bank managers to testify under oath

Bank managers to testify under oath

305
0

HB MUNICH. As the "Sueddeutsche Zeitung" reported to be summoned Werner Schmidt, Wolfgang Kulterer and Tilo Berlin. The opposition parties calling for the SPD, Greens and the liberal voters. With this unusual step, one wants to force the bankers to report truthfully about the details of the acquisition of Hypo Alpe Adria by BayernLB.

In addition, the Free State of Bavaria is considering the Purchase of Austrian Hypo Group Alpe Adria Bank Crisis Unwind (HGAA). Bavarian Finance Minister George Fahrenschon said the "Sueddeutsche Zeitung", which should Sale of HGAA to BayernLB "built on lies and deceit" have been, then they might subsequently out of business withdrawn. Then shall the Land of "all possibilities of Unwinding use "and claim for damages. "If confirmed the suspicion of insider trading, we will take appropriate action. "Prime Minister Horst Seehofer, and he had agreed.

Meanwhile, the Munich prosecutor goes after the accusation that BayernLB for the Austrian Hypo Group Alpe Adria (HGAA) an inflated purchase price has been paid. The Carinthian Landtagsabgeordnete Rolf Holub (Green), however, has a legal complaint on suspicion of embezzlement, abuse of office and fraud in the Supreme Court in Vienna, told media. Carinthian politicians who could possibly personally in the purchase of HGAA-enriched majority, they said.

Other reports indicated that wealthy families from Germany and Austria from the acquisition of HGAA could have benefited by BayernLB. They were entered in the short term HGAA and had then sold their shares at a high profit on BayernLB. Even the allegation will be investigated, that political contributions should have flowed from Germany to Carinthia.

In BayernLB even that commitment has left deep scars. The Landesbank, under the aegis of the then Werner Schmidt earned the institute two years ago for 1.7 billion euros. The charges amount to the nationalization of HGAA to 3.75 billion euros.

NordLB has also paid dearly with their joint venture, DnB Nord. The share of losses of the active joint venture in the Baltics have now reached a three-digit million amount. The Norwegian joint venture partner DnB Nor now wants to make an evaluation of the joint subsidiary. At the end of the full acquisition could allow DnB Nor stand, which holds the current 51 percent. The period ends in July. "NordLB is still willing, the joint venture together with the DnB Nor accompanied by the economically difficult period in the Baltic region and to participate also in strengthening the capitalization of DnB Nord – but not all conditions, "said NordLB CEO Gunter Dunkel.