DEUTSCHE BANK FINED OVER USD130 MILLION FOR FOREIGN GRAFT
January 2nd, 2021
German banking giant Deutsche Bank is to pay more than USD130 million in the USA for a string of bribes its “business development consultants (BDC)” paid out in Abu Dhabi, China, Italy and Saudi Arabia, in breach of America’s Foreign Corrupt Practices Act (FCPA). It has also been punished for fiddling the books to hide the corrupt scheme. The US department of justice (DOJ) said January 8 that under a three-year deferred prosecution agreement (DPA), Deutsche Bank will pay a total criminal penalty of USD79,561,206 plus USD43,329,622 in disgorgement and ...
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