Former BaFin employee guilty of embezzlement

A German court has found a former employee of BaFin, Germany's top financial markets regulator, guilty of embezzlement. The employee, whose name was not disclosed, was yesterday sentenced to six years in prison.

The court said that the former BaFin employee had embezzled about €6.4m ($8.72m) and had been guilty of breach of trust in 89 cases and of one case of corruption. The judge, Hinrich de Vries, said the defendant was responsible for "the high idealistic and material damage that was

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: