DaimlerChrysler exec denies insider trading claims
January 20, 2006
Frankfurt - DaimlerChrysler supervisory board chief Hilmar Kopper on Friday rejected allegations he was involved in insider trading at the German-US auto giant DaimlerChrysler.
Kopper, 70, told the Friday edition of the daily Frankfurter Allgemeine Zeitung that his conscience was clear and that he had not broken any law.
Furthermore, prosecutors had not contacted him and he had only learned of the allegations via the press, Kopper added.
His comments were reproduced only indirectly by the newspaper.
On Thursday, prosecutors said they were trying to ascertain whether Kopper informed Deutsche Bank chief Josef Ackermann of the resignation plans of DaimlerChrysler chief executive Juergen Schrempp prior to their official announcement on July 28.
Kopper, head of DaimlerChrysler's supervisory board since 1998, was formerly chief executive at Deutsche Bank.
The probe was initially opened by prosecutors in the car maker's home city of Stuttgart, but they have passed it on to prosecutors in Frankfurt, where Deutsche Bank has its headquarters.
Frankfurt prosecutors said they were now examining whether the case did indeed fall within their jurisdiction. - AFP
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