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'Spy scandal' hits Deutsche Bank 'Spy scandal' hits Deutsche Bank
(40 minutes later)
Deutsche Bank has dismissed two members of staff as it faces a criminal investigation into allegations of spying, reports have said. Deutsche Bank has confirmed it faces a possible criminal investigation into spying allegations, but refused to say if it had dismissed two staff members.
According to numerous media sources, German state prosecutors are investigating whether actions at the bank violated data-protection laws. Germany's largest lender is accused of spying on two board members it suspected of leaking sensitive details, as well as one critical shareholder.
Deutsche Bank, the country's largest lender, is accused of spying on two board members and one shareholder. State prosecutors are now trying to establish whether to launch a formal criminal investigation.
No-one at the company was available for comment on Tuesday morning. The bank began its own inquiry into the spying claims in May.
In May, Deutsche Bank said it was asking external lawyers to investigate the activities of its own corporate security department. That investigation is said to be continuing. This independent investigation is now continuing, and a Deutsche Bank spokesman said it would not be commenting on the spying allegations until it was completed.
State prosecutors are looking at evidence handed to them by the German data protection office.
According to reports, Deutsche Bank has parted company with its former head of security and its head of investor relations.
German is no stranger to cases of corporate spying, with examples at telecoms group Deutsche Telekom, railway group Deutsche Bahn and retailer Lidl in recent years.