HSH Nordbank to press criminal charges against Management Board member Frank Roth
Hamburg/Kiel, April 17, 2009 - HSH Nordbank will press criminal charges against Frank Roth, member of HSH Nordbank’s Management Board.
The complaint of an offense, which is currently being prepared, will be submitted to the Kiel public prosecutor’s office today.
There is – based on the information available to the Bank – ample initial suspicion that Frank Roth provided third parties with strictly confidential, internal strategy documents of HSH Nordbank. Such unauthorized disclosure of business secrets is punishable under Article 404 of the German Stock Corporation Act.
Breaches of the duty to observe secrecy are pursued only upon application of the affected entity. The Executive Committee has decided to make use of the right to file such an application and put criminal prosecution in the hands of the responsible authorities.
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