the. digital africa starts december twelfth on t.w. . business t w news live from berlin german prosecutors write the country's biggest lender investigators want to know whether stuff and deutsche bank help launder money for criminals the claims of first made in the twenty sixteen dates of leak known as the panama papers also on the program. president trump's former lawyer michael cohen plead guilty to making false statements to congress the president

says he's lying now to get a reduced sentence. because in the philippines france three police officers guilty of murdering a teenager the first officers to be convicted for their actions during president deter terrorism war on drugs received a forty year jail sentence which. i'm phil gail welcome to the program german prosecutors have righted the offices of the country's biggest lender deutsche bank as part of an investigation into money laundering inquiries based on revelations made in the twenty sixteen day to leak known as the panama papers which suggested that bank stuff would help criminals funnel money into offshore tax havens. police vans surrounding the headquarters of germany's biggest lender if deutsche is image wasn't already in tatters it certainly is now. the banks accused of helping clients hide money and crime the

suspicions are based on revelations contained in a session of leaked documents known as the panama papers. differ ducked. the submission of rows in the summer. after the federal criminal police office evaluation data from the panama papers on the so-called off shore leaks. bodies are also this evaluation that the suspicions of deutsche bank was helping clients set up so-called offshore companies in tax havens . for dogs from their money is said to have floated tortured bank with as the bank reporting any suspicion of money laundering and so i started to. these are the kinds of allegations that is true could bring down an already embattled bank deutscher was quick to present its view of the events. the longer i live i

live on them for we believe we've provided all relevant information to the authorities regarding the panama paper case of course will now cooperate closely with the public prosecutor's office and frank for us it's also in our interest that the suspicious facts are quickly in entirely clear dog. attention will now turn to george's boss christiane thieving he's only been in the top job since april but he's been at the bank for decades he ready faces the challenge of reversing years of losses now is really up to him to address accusations that hasn't only been mismanaged but involved in far shady or potentially criminal business. more from the head of the humphrey business so welcome however how much trouble. as far as allegations go fail it doesn't really get much more serious than this in terms of banking violations dohrn raids this morning in frankfurt all pertaining to

the allegations that stuff at your bank were involved in the setting up of a separate entity in the british virgin islands a known tax haven to howell's the cache of the assets of around nine hundred clients chewed off three hundred million euros and or should i say gotten potentially and funds through criminal activity so we're talking about allegations there wrapped up with organized crime certainly recriminations that no bank or company wants on their. ok so this is not the first time the georgia bank has been accused of financial misbehavior no it's not the first time deutsche bank essentially can't seem to shake off the problems that it's had the us federal reserve has it on its list of troubled banks the international monetary fund has called it the most dangerous bank in the world two years ago it was fined fourteen billion dollars in the united states for the missing misselling. of. mortgage

backed securities bad mortgage backed securities i should say and the find that it could potentially face now could run into the medians stav who were found guilty could go to prison the share price is already plunged the reputational damage could be huge this week despite all that it's still here it's still germany biggest lender its demise has been predicted before so this just looks like another beginning of the end for that let's put it this way often banks to bad practice they're involved in bad practice they all find they pay the fines and then they carry on not their business model they've been doing that for decades the difference is this time around deutsche bank is coming off the back of three years of losses it cannot make up the money fast enough and this cumulative effect is why it could be the critical moment for deutsche bank and that's something that the new c.e.o. christine saving will have to deal with ok and i haven't heard from you that i suspect we will talk about this again. the u.s.

president donald trump former lawyer michael cohen has pleaded guilty to lying to congress about a trump real estate deal in russia was to go in told the court in new york that he made false statements to the u.s. intelligence committee about a plan to build a trump tower in moscow michael cohen has already pleaded guilty to other charges and is cooperating with special prosecutor michael move his investigation into possible russian interference in the twenty sixteen presidential election. doesn't trump meanwhile has denied working on this plan and says mr cohen is lying to get a lighter sentence. he was convicted of various things unrelated. he was given a fairly low jail. and he's a weak person. by being weak i'd like other people would walk he's a weak person. what are you strong to do is get a reduced sentence so he's learning about a project that everybody knew it i mean we were very open with it. so let's go to

washington then where we find a deal because opponents of mine i'm sure you do well so how does this latest revelation affect the investigation. well it's certainly a revelation in that it looks like michael cohen the president's former lawyer is actually cooperating with the special counsel which is something that was not known before and michael cohen was part of trump's inner circle and he was really one of the president's closest advisers closest people someone who in previous statements has said that he would take a bullet for the president his now coming forward pleading guilty to lying to congress and that's a significant step although it is just one step in this unraveling story of what trumps possible relationship to russia to the russian government was that robert mueller is sinking into my so tell us more then about these alleged russian real estate projects that mr cohen live about. so the significant thing in this

story is the timing here now what michael cohen had alleged before the senate intelligence committee was that trump had been in talks to build a trump tower in moscow but that those talks somehow fizzled out or fell through around january of twenty sixteen which is well before trump actually became the nominee to run for president in the republican party and what we now know based on the michael cohen coming forward and saying i lied about this was that actually those plans move forward significantly and that multiple discussions were had about possibly building this tower in moscow as late as june of two thousand and sixteen well into when the campaign was underway now this isn't necessarily illegal but what it raises is questions about president trump's then candidate trump's connections to russia or whether or not he had any financial dealings financial

interest in russia in the russian government which is something that he has repeatedly professed that he does not had during the campaign even into his presidency he said i have zero dealings with russia zero financial interest i have zero business in russia we now know that that was not necessarily the case because he was trying to push forward on building this tower in moscow. president trump is on his way to the g twenty summit in argentina this latest revelation sounds like it could be quite dangerous. and he was in fact scheduled to meet with president putin of russia at the g. twenty summit and as we have seen on twitter he just canceled that meeting supposedly over russia's actions in the ukraine they could very well simply be trump trying to change the narrative change the media's focus here now that michael cohen has entered this guilty plea and we should mention that this is not michael

cohen's first guilty plea in fact he pled guilty to violating campaign finance laws back in august and in that guilty plea actually implicated the president himself in violating those same laws much waiter in washington thank you. later meanwhile has rejected calls from ukrainian president petro poroshenko to intervene to ensure the free passage of ships in the sea the alliance says it already has a strong presence patrol presence in the region russia denies camps accusations that its blocking vessels from entering or leaving ukrainian ports tensions between russia and ukraine have risen since sunday's naval clash off the coast of russian occupied crimea russian ships fired on and seized to three ukrainian naval vessels and captured the crew president poroshenko has urged his military to be ready for a possible invasion and has imposed martial law in border regions is also a threat to impose restrictions on russian citizens in his country. but take

a look now at some of the other stories making news around the world thousands of opposition demonstrators of march through the zimbabwean capital harare the supporters of the m.d.c. party accused government of rigging july's election it's the first rally since the deadly crackdown on election protest in almost. china's government has halted the work of the medical team it claimed to have created the world's first gene edited the country's science and technology vice minister described the actions of the team as illegal and unacceptable chinese scientists to hear john quain sparked outrage with his claims that he had altered the d.n.a. of print babies. tens of thousands of farmers from across india are valid in the capital delhi calling on the government to take immediate steps to solve an ongoing agricultural crisis and ease their financial burdens many farmers are struggling with debts and cycles of drought and failed harvests. of course in the philippines

a sentence three police officers to jail for the murder of a teenage boy the first officers to be convicted for the actions during president to deter war on drugs received said since it's of up to forty years without parole human rights groups say the crackdown has led to thousands of extra judicial killings the case of seventeen year old kian lloyd the last toss precedented public aca. two of the convicted police officers leaving court. minutes earlier they along with one other had been found guilty of murdering schoolboy last sun toss they claimed the seventeen year old was a drug korea who fired at them while resisting arrest in twenty seventeen but this is c.t.v. footage showed the teenager being dragged by two offices just moments before he was shot in an alleyway in the philippines capital of manila. vicki ends

family the guilty verdicts are a vindication. last elma's airport i see i am very happy because this is the answer to prove that my son is innocent and has never been involved in drugs to everyone who helped us everyone whose names i can no longer list down thank you very much. when i was eleven saying. he ends murder triggered to read protests filipinos took to the streets angry at the rising death toll. police say they've killed almost five thousand people allegedly involved in the narcotics trade since twenty sixteen that was when the country's president rodriguez had today launched his war on drugs although he promised to pardon authorities involved in his crackdown even he refused to defend the police officers who killed key n. . we are very happy that this is done that third by guards of the said this proves

that there is still a plot truth and justice in the philippines. while the men will serve up to forty years in jail it's a life sentence for the teenager's parents all they can hope for is that these convictions will force the police to think before they kill. last night was a big night in the champions league and the premier mouch in europe's top club told went so perry sounds a man defeated last year's runners up liverpool it took only thirteen minutes to open the scoring yes chase self around but not giving his side the lead superstar neymar is another in the thirty seventh minute to put the parisians in the drive since the close the gap close the gap why but james milner converted a penalty before half time the pasturing managed to hold up the way to the ball but . this is state of the news life and still to come german multinational

pharmaceutical giant is to slash twelve thousand jobs as part of the savings and restructuring drive the company's been under pressure since buying monsanto in june . alone for a while how about a story in your business a basis for the best of today's business news on the back at the top of the hour with a roundup of the day's of world news in the meantime of course as always the website w dot com with. a great yourself with g w interior design channel on.