Deutsche Bank chief executive Christian Sewing is set to be named as a defendant in London legal proceedings brought by five former employees seeking hundreds of millions of pounds in damages, according to people familiar with the matter.
The case is expected to be filed in the coming weeks against Sewing, former Deutsche executives and the bank itself, the people added.
It is likely to contend that Sewing presided over a flawed internal audit that contributed to the convictions of the five ex-employees by a Milanese criminal court in 2019 — which were subsequently overturned.
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