The Munich public prosecutor’s office carried out a raid on Deutsche Finance’s premises after a suspicion arose that a manager linked to the Bavarian pension fund (Bayerische Versorgungskammer) had received a bribe.
A dispute has escalated between German investment house Deutsche Finance and the Bavarian pension fund BVK. Deutsche Finance alleges that BVK made statements that harmed its business and intends to file a lawsuit in the United States. BVK denies the accusations. The conflict centers on millions of euros in losses from a real‑estate investment.
German financial regulator BaFin has deployed a special commissioner to oversee Deutsche Finance, a fund house facing significant challenges. Reports indicate substantial losses and auditor warnings, particularly affecting Luxembourg-domiciled funds managed by the company.
BaFin has initiated regulatory action against Deutsche Finance, an investment house managing 20 real estate funds with combined assets of 1.5 billion euros. The intervention includes the appointment of an administrator and demands for documentation. A significant concern is that many of the funds lack current annual financial statements, affecting approximately 50,000 investors.