Deutsche Bank CEO Josef Ackermann, currently facing “breach of trust” charges for approving controversial bonuses to Mannesmann directors, told a Düsseldorf court on Thursday that he had nothing to hide
Published:
23 January 2004 y., Friday
Josef Ackermann, one of Germany’s top bankers, smiled at TV crews and reporters as he entered the regional criminal court in Düsseldorf on Thursday and appeared nonplussed under the prosecution's magnifying glass.
“I don’t know where there is supposed to be a legal problem,” he said during his 40 minutes of testimony.
The legal problem, according to the prosecution, is that Ackermann wasted shareholders’ money when he awarded multi-million euro bonuses to five former Mannesmann executives – also on trial -- following the sale in 2000 of the German mobile phone company to the British giant, Vodafone. All six defendants face fines or prison sentences of up to 10 years if found guilty.
Mannesmann’s former chief executive, Klaus Esser, also gave testimony on Thursday. He is accused of abetting breach of trust by accepting around €30 million after the record €180 billion takeover. He said that the deal was a great victory for Mannesmann’s shareholders, but a defeat for its management board and executives.
Šaltinis:
dw-world.de
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »