Germany Drops Insider Probe Into Ex-Deutsche Boerse CEO
Law360, London (January 2, 2019, 6:41 PM GMT) -- The Frankfurt prosecutor’s office confirmed Wednesday it has ended its investigation into a former Deutsche Boerse AG chief executive suspected of insider trading in exchange for payments of almost €5 million ($5.7 million).
The agency said it has dropped its probe into Carsten Kengeter — who led Deutsche Boerse for two years — in exchange for a €250,000 charitable donation and a further €4.5 million payment to settle the case.
The allegations of insider trading related to the planned merger between the German exchange and the London Stock Exchange Group PLC, which was later abandoned. Prosecutors said Wednesday that the penalty...
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