Germany’s financial watchdog has filed a criminal complaint against Deutsche Bank supervisory board member Alexander Schütz over alleged insider trading of Wirecard shares.
Munich prosecutors told the Financial Times that they received the criminal complaint from BaFin by fax on Monday, adding that they were waiting for details, which the watchdog has sent by post. They will evaluate the matter once all documents have been received.
Schütz, a close confidant of former Wirecard chief executive Markus Braun, has already announced that he will step down from Deutsche’s board next month.