Deutsche Bank’s facility to Golden Eagle Assets is secured against “all monies” at the investment holding company, according to corporate filings reviewed by Bloomberg News, that didn’t specify the facility’s size. Golden Eagle Assets hasn’t been named in the criminal investigation.
Deutsche Bank AG is a creditor to a Singapore company whose two directors were arrested for their roles in an alleged money laundering and forgery ring.
The bank has a charge that was registered on May 22 against Golden Eagle Assets Pte. The firm’s directors Zhang Ruijin and Lin Baoying, and eight others, were indicted in a Singapore court last week for money laundering and forgery involving assets worth over $1 billion.
