Deutsche Bank Foreclosure Fight With Panama Casino Turns Messy
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Deutsche Bank AG is locked in a foreclosure battle with a Panama casino, which fired back saying a bank executive once pleaded with the resort’s president for a personal loan to cover gambling debts.
Veneto Hotel & Casino SA sued a unit of the Frankfurt-based lender on Monday, accusing it of crippling the 300-room Panama City complex by freezing accounts and funds used to cover operating expenses. At one point, a sleep-deprived Deutsche Bank employee asked the client for an emergency loan to cover gambling debts, according to the complaint filed in New York state court. The banker says that’s not true.