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Deutsche Bank Agrees To Pay More Than $130 Mln To Settle US Bribery And Fraud Claims

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Deutsche Bank agreed to pay more than $130 million to settle the U.S. government's investigation into violations of the Foreign Corrupt Practices Act and a separate investigation into a commodities fraud scheme.

The settlement includes criminal penalties of $85.19 million, criminal disgorgement of $681,480, victim compensation payments of $1.22 million, and $43.33 million to be paid to the U.S. Securities & Exchange Commission in a coordinated resolution.

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