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Friday, April 15, 2011

'Hong Kong arrests Deutsche Bank staff'

from france24..........


"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"..............read more here

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