Deutsche Bank: Bribery Scandal in Japan

In December 2013, Shigeru Echigo, a Deutsche Bank employee was arrested and he is now providing information regarding his ex-supervisor, who he claims was involved in the corruption case.

According to reports by Bloomberg, Echigo admitted to bribing a pension fund executive to encourage him to  buy investment products. The investigation by the Japanese Authorities revealed that  the 60-year-old Yutaka Tsurisawa, manager of a pension fund from April to August 2013, was accepting benefits from Echigo.   ... →