Raiffeisenbank Plankstetten: Bafin prevails in dispute with Raiffeisenbank Plankstetten
The Frankfurt Administrative Court has rejected lawsuits from the former board members of Raiffeisenbank Plankstetten. According to this, they had "illegally obstructed" an audit by the financial supervisory authority.
A German court has ruled that two former board members of Raiffeisenbank Plankstetten were lawfully warned by financial regulator Bafin in 2024. The warning was issued because they hindered a special audit of the bank ordered by Bafin in 2022 by refusing to participate in discussions and not submitting documents on time. The two board members, Elmar Weiß and Walter Frank, have since been removed by Bafin, which has also appointed special representatives to oversee the bank.
The regulator's actions are part of an ongoing dispute with the bank that has been escalating for years.
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.
