Der breuer’sche Barolo

“Mr. Breuer’s Barolo,” in this case not a decent Italian red wine but possibly a secret project at Deutsche Bank in 2002 to deliberately bankrupt media magnate Leo Kirch’s empire and profit from breaking up and selling off his businesses. Leo Kirch claimed this happened until he died. Now supposedly an email has turned up containing evidence of at least some perjury. “Project Barolo” would have been the name of the secret undertaking, which took place when Rolf E. Breuer was the head of Deutsche Bank. The found email from a London investment division was cc’d to Mr. Breuer and dated January 2002.

ZDF heute journal’s Sina Mainitz said the Süddeutsche Zeitung reported prosecutors are now investigating whether four former members of Deutsche Bank’s management board [Vorstand] and the C.E.O. Jürgen Fitschen lied in the Kirch trial when they said they never made plans to break up the media empire. Mr. Kirch’s conglomerate collapsed after Mr. Breuer accidentally let slip in a February 2002 interview that Deutsche Bank thought the conglomerate, a Deutsche Bank client, might no longer be solvent. Mr. Kirch’s ability to obtain new loans was curtailed and his companies began filing for bankruptcy in April 2002.

(Dare   BROY ahsh eh   bar OH lo.)

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