15 Apr '11, 2pm

#Chine : 11 employés de la #Deutsche Bank arrêtés pour corruption, à Hong Kong.

HONG KONG - HONG Kong's graft watchdog is investigating a major fraudulent trading case after arresting 11 people, including two traders at German financial services giant Deutsche Bank. The city's graft agency, the Independent Commission Against Corruption (ICAC), said it had made the arrests after launching an operation on Tuesday following a corruption complaint. The two from Deutsche Bank are suspected of conspiring to accept payments from an investor and others for quoting favourable prices to them in their trading of the bank's derivative warrants, the corruption agency said. The profits made by those involved in the case amounted to HK$10 million (S$1.6 million), according to local media reports. 'Deutsche Bank was advised by the ICAC of the arrest of two employees, both warrants traders in Hong Kong,' spokesman Michael West said in a statement on Friday. 'The two t...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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