Reuters logo
German prosecutors drop probe into ex-Hypo Real Estate bosses
September 29, 2017 / 11:43 AM / 18 days ago

German prosecutors drop probe into ex-Hypo Real Estate bosses

MUNICH, Sept 29 (Reuters) - German prosecutors have dropped a case against two former bosses of Hypo Real Estate who were suspected of covering up liquidity problems weeks before the lender collapsed a decade ago, citing a lack of evidence.

The case against former Chief Executive Georg Funke and ex-Chief Financial Officer Markus Fell is being closed provided that the two make charitable donations, a Munich court said on Friday after hearing arguments by state prosecutors. ($1 = 0.8467 euros) (Reporting by Joern Poltz; Writing by Douglas Busvine; Editing by Georgina Prodhan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below