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Terror Trader: Bus bomb suspect was ‘short’ Borussia Dortmund GmbH

Published: 10:43 21 Apr 2017 BST

Borussia Dortmund fans at football match
Dortmund shares are today trading at €5.50.

A financial derivatives trade is reportedly involved in the bomb attack on the Borussia Dortmund team bus last Tuesday.

The German-Russian national suspect arrested by German police allegedly placed a bet that the Borussia Dortmund share price would go down.

According to reports, the suspect ‘Sergej W’ bought put options on the day of the attack (April 11) which would allow to him to sell Borussia Dortmund shares at a predetermined price at a later date.

Short selling and buying back at a lower price could potentially have seen the suspect bank almost €4mln, it is said.

The online trading company used by the suspect reported the transaction amid suspicions of money laundering, and the IP address linked to the derivatives transaction was traced to a hotel close to the location of the bombing.

The first Borussia Dortmund Champions League fixture against Monaco was cancelled, after the explosion in the vicinity of the team bus ahead of kick off.

Two people were injured in the attack, including Spanish footballer Marc Bartra.

The fixture was rescheduled and played less than 24 hours later. Dortmund lost the match 3-2, before getting beat in the second leg 3-1 earlier this week, exiting the lucrative European competition at the quarter final stage.

Dortmund shares were trading just below €5.70 on April 11, today they are priced just above €5.50

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