HONG KONG Aug 11 Deutsche Bank AG is
suing former employee Lee Zhang for $6.3 million over the
transfer of funds to a bank account in Shenzhen in 2001,
according to Hong Kong court documents.
Zhang is currently a senior executive at Industrial and
Commercial Bank of China.
According to the filing with Hong Kong's Court of First
Instance which was dated Friday, Deutsche Bank said Zhang
breached his contract by transferring $3.9 million to the bank
account of a company named Harperskille Limited.
Deutsche Bank said it wants that sum, plus interest of over
$2.3 million. The court documents did not give further details
and it was not immediately clear how Zhang breached his
Deutsche Bank and ICBC declined to comment. Zhang could not
be reached for comment. In a statement to Chinese business
publication Caixin on Sunday, Zhang said that his behaviour
while at Deutsche Bank had abided by all laws and regulations.
Zhang, whose Chinese name is Zhang Hongli, was Deutsche
Bank's top China banker before joining the Chinese state-owned
ICBC in March 2010.
(Reporting By Lawrence White, and Xiaowen Bi; Editing by Miral