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HSHNORDBANK-TRIAL/
RTX11X74
July 24, 2013
Defendant Dirk Jens Nonnenmacher, former chief executive of German bank HSH Nordbank stands in the courtroom...
Hamburg, Germany
Defendant Nonnenmacher former chief executive of German bank HSH Nordbank stands in the courtroom of...
Defendant Dirk Jens Nonnenmacher, former chief executive of German bank HSH Nordbank stands in the courtroom of a Hamburg court, July 24, 2013. Former directors of bailed-out German lender HSH Nordbank appeared in court on Wednesday in the first case of the entire executive board of a European bank facing trial for actions in the build-up to the financial crisis. Hamburg prosecutors are charging the six men, who include former chief executive Dirk Jens Nonnenmacher and his predecessor Hans Berger, with breach of fiduciary trust. The defendants have previously said they are not guilty, although in Germany an official plea is only presented at the final stage of a trial. If found guilty, the former directors could face up to 10 years behind bars, although judges have often handed defendants in similar cases fines rather than jail sentences. REUTERS/Christian Charisius/Pool (GERMANY)
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