Berlin prosecutors pursue Lars Windhorst probe over alleged illegal banking activities
Berlin prosecutors are pursuing a criminal investigation into Lars Windhorst almost a year after the German financier and football investor claimed to have settled “pending legal disputes” over the matter.
The prosecutors have been investigating potential breaches of the German banking act after a criminal complaint filed by Germany’s financial watchdog BaFin.
BaFin was concerned the 45-year-old may have engaged in banking activities without the required licences, a criminal act under German law carrying a potential punishment of up to five years in prison.
This story originally appeared on: Financial Times - Author:Cynthia O'Murchu
