Deutsche Boerse to be involved in ongoing investigation against CEO
Deutsche Boerse said it has received a notification of hearing from the public prosecutor's office in Frankfurt notifying the company that it intends to formally involve the company in the ongoing investigation proceedings against its CEO, Carsten Kengeter. The allegations raised by the prosecutor relate to an alleged violation of the insider trading prohibition in December 2015 and an alleged omission to make an ad hoc notification in January 2016. The public prosecutor holds out the prospect to fully terminate proceedings against Kengeter by mutual agreement and without conditions, Deutsche Boerse added. At the same time, the public prosecutor would impose two fines of EUR 5.5M and EUR 5M on the company pursuant. Deutsche Boerse added that it will "review the notification of hearing from the prosecutor in accordance with its obligations taking into account all the relevant facts, in particular with a view to the fact that the Company, following consultation of experts, continues to believe the allegations made are unfounded in all respects."