Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
A former Deutsche Bank salesman who described systematic bribery in the sale of bank services to pension funds was given a suspended prison sentence Wednesday by a Tokyo judge.
Shigeru Echigo received a 10-month prison sentence, suspended for three years.… Continue Reading
Shigeru Echigo, a former salesman at Deutsche Bank in Tokyo, has admitted to bribery charges, but he says he was only following orders from his superiors.
In Tokyo District Court, Echigo said he bribed a pension fund executive to keep the executive buying the bank’s investment products.… Continue Reading
Country: Japan
Company Involved: Deutsche Bank AG
Industry: Banking and securities
Individuals: Shigeru Echigo, a director of Deutsche Securities Inc. and a former Mitsui pension executive, Yutaka Tsurisawa
Enforcement Action: Arrests
Summary:
Shigeru Echigo, 36, a director of Deutsche Bank AG’s Japanese brokerage unit and its pension solution sales department was arrested Thursday on suspicion of bribery.… Continue Reading
