The German judiciary is evaluating a claim that Jacob Safra, co-owner of J. Safra Sarasin private bank, has presented false information in a file for compensation against the bank.
The investigation into the claim by the state attorney of Cologne came in connection with the compensation probe filed by Erwin Mueller, the German drug store entrepreneur, against J. Safra Sarasin private bank, according to a report by Swiss business paper «Handelszeitung». Mueller accuses Jacob J. Safra of having giving false information, or in other words, of having lied in the compensation investigation. Safra is a member of the board of the bank.
Accusation Against Safra's Legal Representative
The investigation was prompted by a suit filed by Eckart Seith, the legal representative of Erwin Mueller. His suit was also aimed at Markus Meier, a lawyer of Sarasin, according to «Handelszeitung».
Jacob Safra was well aware of the facts leading to the claim for damages, according to the law suit. The German claimants accuse the defendants of having decided in 2013 to commission a lawyer – Markus Meier – with the instruction to present wrongful information in a bid to counteract the compensation claim.
Presumption of Innocence
The presumption of innocence applies. Bank J. Safra Sarasin didn’t want to comment the investigation against Jacob Safra and Markus Meier also preferred not to comment.
