Germany Drops Probe of Former Deutsche Bank Board Member Over Wirecard
Published by maria gbaf
Posted on August 10, 2021
1 min readLast updated: February 18, 2026
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Published by maria gbaf
Posted on August 10, 2021
1 min readLast updated: February 18, 2026
Add as preferred source on Google
FRANKFURT (Reuters) – German prosecutors have dropped an investigation of former Deutsche Bank supervisory board member Alexander Schuetz for alleged insider trading of Wirecard shares, a Stuttgart state prosecutor said on Monday.
Germany’s securities regulator BaFin filed a criminal complaint against Schuetz in April.
Stuttgart prosecutors, which had been handling the complaint, found no initial grounds for suspicion in the case and will not pursue the issue further, the Stuttgart prosecutor said.
A spokesperson for Schuetz declined to comment.
(Reporting by Tom Sims; Editing by Caroline Copley)
The investigation was related to alleged insider trading of Wirecard shares.
Germany's securities regulator BaFin filed a criminal complaint against Schuetz in April.
Stuttgart prosecutors found no initial grounds for suspicion and decided not to pursue the issue further.
A spokesperson for Schuetz declined to comment on the matter.
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