Photo Gallery The Matilda Project
The American flag flies outside the US headquarters of Swiss bank UBS in New York City. The company is currently under investigation by the United States Securities and Exchange Commission over a dubious deal that threatens to create some 300 million euros in potential losses for the city of Leipzig.
"The supposed transaction only served the purposes of banks and criminal racketeers and is null and void as far as we are concerned," says Leipzig Mayor Burkhard Jung.
Advisors and UBS bankers are pictured here celebrating the deal during a trip to South Africa. Value Partners, a firm involved in the deal, had invited UBS bankers to a safari and a wine-tasting event.
Former Leipzig water utility chief Klaus Heininger (right) is pictured together with his attorney during a 2010 case before a court in Leipzig. Heininger was sentenced to four years and 11 months in prison for accepting bribes.
