Deutsche Bank has agreed to pay a fine of more than $ 100 million to avoid criminal prosecution for allegations that it participated in a foreign bribery scheme.
Lawyers for the bank denied his right to face a lawsuit over conspiracy charges Friday during a phone conference with a federal judge in New York City.
Federal prosecutors in Brooklyn did not appear at the hearing which countries were involved. The bank has previously agreed to a $ 16 million fine from the Securities and Exchange Commission to solve separate allegations of corruption cases in Russia and China.
Deutsche Bank said it would have no immediate comment. The bank’s agreement to avoid prosecution comes in the narrow days in the administration of President Donald Trump, who had a long-standing personal business connection with the bank.
This story was published from a wire group group with no text changes. Only the headline has changed.