ibusinesslines.com July 25, 2017

Prosecutors: Dortmund bus attack suspect acted out of greed

21 April 2017, 06:15 | Laverne Osborne

Man arrested over bombing of Borussia Dortmund bus motivated by greed, prosecutors allege

Germany bus attack: police arrest Russian speculator

A 28-year-old man arrested on suspicion of attacking the Borussia Dortmund team bus had taken out a five-figure loan to bet on a drop in the club's share price. He faces charges of attempted murder, inflicting serious bodily harm and causing an explosion, the prosecutor's office said.

The suspect had allegedly bought options to short-sell 15,000 shares of stock - reportedly priced at €78,000 - in Borussia Dortmund and was hoping to have profited from falling share prices after the incident.

The prosecutor's office says the suspect had bought a considerable number of team stock in hopes of making a substantial profit if their value had fallen.

"A massive share drop would have had to be expected, had a player been gravely injured or even killed as the result of the attack", the prosecutor's office said. But there were doubts over their authenticity.A fourth letter posted online also claiming responsibility, which could have come from anti-fascists, was discounted by police too.

A player was injured following three bomb explosions near the team's bus as it headed to a Champions League match against AS Monaco.

Police escort Dortmund's U.S. midfielder Christian Pulisic (C) after the attack on the team bus of Borussia Dortmund on April 11, 2017.

"The explosive devices were detonated at the optimum time", prosecutors said, noting that the team bus was equipped only with security glass and not reinforced glass.

An Iraqi man was taken into custody over a suspected militant link, but was cleared of involvement in the attack.

With regard to a far-right email claiming responsibility for the attack, which mentioned Adolf Hitler and was sent to a Berlin newspaper, meanwhile, the statement said it included "contradictions and inconsistencies" and that "there is now no indication that it comes from the perpetrator". The explosives were remotely triggered, and some metal rods were found as far as 250 metres away.

Having recovered slightly after the attack, the company's share price slid again, closing Thursday at 5.395 euros, after the team was eliminated from the Champions League having lost both legs of its quarterfinal matchup.

The chief prosecutor will hold a news conference on the arrest at 12:30 pm (1030 GMT).

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