United States examines Deutsche Bank's relationship with Malaysia's 1MDB – WSJ

(Reuters) – US Department of Justice investigates whether Deutsche Bank AG <DBKGN.DE> has violated foreign bribery or anti-money laundering laws as part of its work for the 1Malaysia Development Berhad (1MDB) public fund, the Wall Street Journal reported on Wednesday.

This news comes after the bank announced plans to eliminate its global equity unit, eliminate some fixed income transactions and 18,000 jobs worldwide through a $ 7.4 billion restructuring program. euros (8.34 billion dollars).

Deutsche Bank's work for 1MDB raised $ 1.2 billion (£ 959 million) in 2014 as concerns over the management and finances of the fund began to circulate, the paper quoted unknown to the current.

Prosecutors are mainly interested in the role of Tan Boon-Kee, a colleague of Tim Leissner, a former executive of Goldman Sachs Group Inc., who worked with him on 1MDB-related activities, the newspaper said.

She left Goldman to become head of banking for Deutsche Bank's financial institutions in the Asia-Pacific region, where she participated in new deals with 1MDB, he added.

In an e-mail release, Deutsche Bank said it had fully cooperated with all the regulators and law enforcement agencies that had inquired about the fund.

"As stated in the US Department of Justice badet confiscation complaints, 1MDB has" made inaccurate statements and material omissions to Deutsche Bank officials "in its dealings with the bank" said the bank to Reuters.

"This is consistent with the bank's own findings in this area," the text adds.

A complaint of confiscation of civilian badets from the American DoJ repeatedly describes that Deutsche Bank was misled by agents of 1MDB, the WSJ I said.

Tan left Deutsche Bank last year after discovering communications between her and Jho Low, the Malaysian financier described by the Justice Department as the main protagonist of the 1MDB scandal, the newspaper added. .

A representative of the insurance company FWD The group, Tan's current employer, said the company and Tan refused to comment.

The DoJ did not immediately respond to a request for comment from Reuters.

(Report by Rama Venkat in Bengaluru, edited by Clarence Fernandez)