The German federal chief prosecutor has revealed the reason behind the explosion that rocked Borussia Dortmund’s bus ahead of their Champions League quarter final clash with Monaco on 11 April. It was revealed that the suspect had carried out the attacks to influence a downward slide of share prices.
The 28-year-old suspect, identified as Sergei W, was taken into custody in connection with the attacks on Friday. He is a dual German-Russian citizen and is to be charged with attempted murder, inflicting serious bodily harm and causing an explosion.
He is said to have purchased 15,000 contracts giving him the right to sell the shares at a pre-determined price.
“The accused bought 15,000 put-options regarding the shares of Borussia Dortmund on April 11,” a prosecutor’s statement read.
“Those options were running until June 17, 2017 and were bought with the ID of the hotel L’Arrivee (Dortmund’s team hotel).
“Someone who buys put-options speculates on the value of shares dropping. It allows the owner of these options to sell his shares until a certain date – in this case June 17 – to sell a fixed amount for a fixed price.
“If Dortmund’s shares had dropped in value massively, his profit would have been many times the investment. You could expect a massive drop in values of the shares if players had been injured or even killed during the attack.”
The team’s Spanish defender Marc Batra was injured in the blast and was taken to hospital while the game was called off for 24 hours. They eventually lost the game by 2-3 and were eliminated as they were again beaten in Monaco.