HSH Nordbank prepares case against board member

Losses and Lawsuits

HAMBURG & KIEL - German bank HSH Nordbank - the world's largest shipbuilding financier - has said it will press charges against a member of its management board, Frank Roth. Chief operating officer Roth has already been suspended by the bank. He is accused of disclosing the bank's business secrets. It has been reported that the bank laid a trap for Roth by marking secret documents so they could be traced to him, which subsequently surfaced in the UK. The bank has announced the charges, still being prepared, are to be submitted to the Kiel prosecutor's office.

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