An investigation into allegations of illegal payments made during Vodafone's takeover of German mobile firm Mannesmann is likely to result in charges.
Sources close to the investigating team have said that prosecutors are near to announcing who will be charged following the investigation.
Under scrutiny are Vodafone chief Chris Gent (pictured), Deutsche Bank's Josef Ackermann and German IG Metall union chief Klaus Zwickel.
Investigations so far have focused on why Mannesmann chairman Klaus Esser suddenly gave up his opposition to the bid, and on £42m in compensation that was paid by Vodafone to Esser and other top Mannesmann officials.
Zwickel, along with Ackermann and Gent, sat on the Mannesmann supervisory board that approved the disputed payments.
Zwickel's lawyer has admitted that he is expecting charges. But he has rejected accusations against his client, referring to them as a "malicious distortion of the facts".
Esser has repeatedly denied any wrongdoing, arguing that the majority of Mannesmann shareholders favoured a takeover by the time he gave up the fight.
Vodafone said it has not been told whether any of the former board members of Mannesmann have been charged.
"We have not received any notification from the Public Prosecutor's Office of its intentions," a spokesman for the company said.
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