BaFin, Germany’s financial regulator has cleared Anshu Jain, former co-chief executive of Deutsche Bank of lying to the Bundesbank during investigations into interest rate manipulation. According to news reports, BaFin president Felix Hufeld had told Jain that BaFin considered the ‘probable’ interpretation of the evidence weighed in Jain’s favor and that it was dropping that part of its probe into Libor-rigging at Deutsche Bank. Hufeld is understood to have written to Jain saying the suspicion that Jain made knowingly incorrect statements to a regulator seems unsubstantiated to him (Hufeld). All the other allegations against Jain and the bank are still being evaluated by the regulator
