Deutsche Boerse: Court Refuse Closure Of Investigation Proceedings Against CEO

(RTTNews) - Deutsche Boerse AG (DBOEY.PK) announced that the local court (Amtsgericht) Frankfurt am Main does not approve closure of the investigation proceedings against the company's chief executive Carsten Kengeter, in relation to insider trading in December 2015.

The court considers it appropriate to continue the investigation proceedings at this time, in light of the significance of the proceedings. The further investigations could lead from a closure of the proceedings due to lack of adequate suspicion to an indictment.

In addition, the court has returned the matter, both as relates to the investigation proceedings against the Chief Executive Officer as well as to potential actions against the company, to the Public Prosecutor (Staatsanwaltschaft), which will now decide upon further procedural steps.

Last month, Deutsche Boerse agreed to the payment of fines in the amount of EUR 10.5 million in relation to these accusations.