Deutsche Bank rocked by spy scandal

| July 21, 2009 | 0 Comments
Deutsche Bank rocked by spy scandal

Deutsche Bank, Germany’s biggest lender, is likely to face a criminal investigation after it is being accused of spying on two of its board members.

According to a report in Handelsblatt, the two board members are supervisory board member Hermann-Josef Lamberti and shareholder Michael Bohndorf.

The lender has been accused of spying on the aforementioned, who are suspected of divulging sensitive information.

Deutsche Bank said it was waiting for the results of an internal investigation launched in May by an independent company and has declined to comment on the spying allegations until the investigation was completed.

The news will not be welcome for the country as it has, in recent years, been the subject of corporate spying - at Deutsche Telekom (the telecommunications giant), Deutsche Bahn (the railway group) and Lidl (the discount supermarket chain).

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