Monday, August 15, 2005
Commerzbank chief under investigation
Klaus-Peter Müller, chief executive of Commerzbank, is under investigation by public prosecutors as an alleged money-laundering scandal at Germany's third-largest listed bank deepened.
Mr Müller, the board member responsible for Russia and eastern Europe until 1999, has been drawn into the investigation over allegations that about €170m ($212m) of cash, and hundreds of millions more of Russian telecommunications assets were diverted to private companies.
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