Volksbank Cologne Bonn: Brothel loan keeps judiciary busy: Public prosecutor's office investigates against Volksbank board of directors
The public prosecutor's office has opened an investigation against a member of the bank's management board. The issue at stake is how a loan for the purchase of the Cologne brothel property "Pascha" came about.
The public prosecutor's office in Düsseldorf has launched an investigation into suspected bribery in business dealings related to a loan granted by Volksbank Köln Bonn to finance the Kölner Bordellimmobilie "Pascha". The probe is targeting a member of the bank's executive board, among others. The investigation was initiated by Düsseldorf authorities and recently transferred to the Cologne public prosecutor's office, which is now assessing its jurisdiction.
The lawyer for the accused board member confirmed the investigation, stating that the allegations are unfounded, but declined to comment further as the case files have not yet been reviewed.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
