Monday 22 August 2011

Deutsche Bank employees charged with illegally manipulating Seoul's stock market - BlackListedNews.com

Deutsche Bank employees charged with illegally manipulating Seoul's stock market - BlackListedNews.com

August 21, 2011

SEOUL — South Korean prosecutors have charged four Deutsche Bank employees with illegally manipulating Seoul's stock market last year to earn more than $40 million on a single day, a report said on Sunday.

Yonhap news agency said the German bank's Seoul securities unit and the four workers -- including three foreigners -- were accused of amassing 44.8 billion won ($41.3 million) through illegal trading on the spot and futures markets.


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