Deutsche Bank approved the sale of some Silicon Valley real estate to a Russian businessman in May 2018, at a time it was under scrutiny by members of Congress over Russian business relationships
Deutsche Bank AG officials approved the sale of a chunk of Silicon Valley real estate to a Russian businessman despite objections from its U.S. reputational risk committee, according to documents and people familiar with the matter.
The lender’s Germany-based global reputational risk committee approved the $72 million deal in May 2018, overruling concerns raised by executives including the one responsible for Deutsche Bank’s U.S. anti-money-laundering controls, the people said. He has since left the bank.
France Dernières Nouvelles, France Actualités
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