Companies seeking cooperation credit face uncertainty after Deutsche Bank decision, ex-prosecutor says

24 May 2019 2:03pm
It's increasingly a "blind game" for companies that want cooperation credit, a former top prosecutor said regarding a recent decision that sharply criticized prosecutors for outsourcing to Deutsche Bank an investigation into Libor manipulation.

A decision released this month creates more uncertainty for companies that want to cooperate with government probes, Robert Khuzami, the former deputy US Attorney for the Southern District of New York, said today at an event.

"It creates a little more uncertainty in the process," Khuzami said, "It's a little bit more of a blind game now if the government's going to be in the business of focusing your efforts."

By Richard Vanderford.