September 29, 2017 / 11:46 AM / in a year

German prosecutors drop probe into ex-Hypo Real Estate bosses

MUNICH, Sept 29 (Reuters) - German prosecutors have dropped a case against two former bosses of Hypo Real Estate who were suspected of covering up liquidity problems weeks before the lender collapsed a decade ago, citing a lack of evidence.

The case against former Chief Executive Georg Funke and ex-Chief Financial Officer Markus Fell is being closed provided that the two make charitable donations, a Munich court said on Friday after hearing arguments by state prosecutors. ($1 = 0.8467 euros) (Reporting by Joern Poltz; Writing by Douglas Busvine; Editing by Georgina Prodhan)

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