Cyprus Mail

Deutsche co-CEO Fitschen, ex-CEO Ackermann on trial over Kirch case

Josef Ackermann

By Thomas Atkins

Deutsche Bank co-chief executive Juergen Fitschen went on trial on Tuesday accused of giving misleading evidence in connection with the collapse of the Kirch media empire in a case that could prove a major distraction for a bank pursuing a strategic revamp.

In one of the highest-profile corporate trials in Germany, Fitschen has vowed to fight allegations he gave misleading testimony in a civil suit brought by heirs of the late media magnate Leo Kirch. The case is scheduled to run at least to September.

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