trending Market Intelligence /marketintelligence/en/news-insights/trending/nPxU8NPXwSH3TmBx7Lf0sw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Reports: Former Sal. Oppenheim chairman sued over alleged embezzlement

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Reports: Former Sal. Oppenheim chairman sued over alleged embezzlement

Former Sal. Oppenheim jr. & Cie. AG & Co. KGaAsupervisory board chairman Georg von Ullmann is being sued for what is claimedto be a "particularly severe case of embezzlement," Focus Onlinereported April 27.

He reportedly stands accused of having turned a blindeye to questionable real estate deals that ultimately led to a loss of €23.5million for Deutsche BankAG's Sal. Oppenheim.

Prosecutors offered Ullmann a plea bargain under whichhe would receive a one-year suspended sentence and a six-digit fine, butUllmann rejected it because he maintains his innocence, Focus Online said.

The alleged offenses took place between September 2008and December 2008, Handelsblatt reportedthe same day.

In 2015, the unit's former partner and risk manager, FriedrichCarl Janssen, received a prisonsentence over fraud charges, while three other former Sal.Oppenheim executives received suspended sentences.