The Prosecutor of Munich launched a Judicial investigation of possible infidelity in the case of the FMS Wermanagement company, which in 2012 handled the liquidation of state «bad bank» Hypo Real Estate and reportedly with the “clipping” of Greek debt exhibited larger losses than should, by selling Greek government bonds below their value.
According to reports of the online edition of the Frankfurter Allgemeine Zeitung, the search is carried out against those responsible for the FMS Wertmanagement, in question whether the sale of Greek bonds caused damage or was it a entrepreneurial decision that does not result to a penalty.
FMS from their side, characterized the allegations as unfounded and noted that other creditors had acted in a similar way to the Greek debt “clipping”.