Monday, September 14, 2009

Deutsche Bank spy probe to take longer-prosecutor

reuters.com
FRANKFURT, Sept 14 (Reuters) - German state prosecutors on Monday said they will need another two to three weeks before deciding whether to proceed with a criminal probe against Deutsche Bank (DBKGn.DE) for its role in a spying scandal.

The preliminary probe by the Frankfurt prosecutor's office into the data spying scandal comes in addition to investigations by financial regulator Bafin and the data protection authorities of the state of Hesse, where Deutsche Bank is headquartered.

Prosecutors need to decide whether to intensify their preliminary probe into a criminal probe of the bank.

Deutsche Bank has said that in four separate incidents, detectives it hired had spied on people the bank deemed a threat but said that members of the supervisory board and management board did not authorise the activities.

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