Lax German rules stifle market manipulation probes

Newswire

FRANKFURT, Aug 21 (Reuters) - This week's headline-grabbing raids at Porsche shone a spotlight on Germany's weak corporate governance rules that experts say result in a poor track record in securing convictions for market manipulation. Porsche denied any wrongdoing after prosecutors searched its headquarters and seized documents on Thursday, prompted by a complaint from markets regulator Bafin that it saw evidence of potential manipulation of Volkswagen shares. Prosecutors say they are ...

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