BaFin Probes Bank Loan to Pascha Brothel | Business and Finance News

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Recorded26 Aug 2026

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Germany’s financial watchdog BaFin is probing Volksbank Koeln Bonn over a 2021 loan that helped a Chinese investor buy the Pascha brothel—one of Europe’s largest. The investigation centers on whether a board member, Juergen Neutgens, received a kickback, though he denies any wrongdoing and is on leave pending the probe. The bank remains silent, while regulators scrutinize how a cooperative bank handled a deal that could tarnish its reputation—even as the brothel’s manager insists they’re just renters with no loan involvement. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1e6e7b12562aab70

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