Man arrested over Borussia Dortmund bus attack

Man arrested over Borussia Dortmund bus attack

The attack happened on April 11 as three explosions occurred while Borussia Dortmund team bus was heading to their stadium for a Champions League match against AS Monaco on Tuesday, injuring Spanish defender Marc Bartra.

Prosecutors last week expressed doubts about the authenticity of three letters left at the site of the attack that suggested that Islamist militants had carried it out.

The suspect, identified only as Sergej W.in line with German privacy laws, was arrested by a police tactical team early Friday near the southwestern city of Tuebingen, federal prosecutors said.

They said he bought a significant number of put options for shares in Dortmund, which would have allowed him to sell them at a pre-determined even if they fell in value in the wake of the attack.

"The man appears to have wanted to commit murder out of greed", he added.

FILE - In this April 12, 2017 file photo police investigators search for evidence at the hedge near the team hotel of Bundesliga soccer club Borussia Dortmund in Dortmund, Germany, the day after the team bus was damaged in an explosion which injured a player and a police officer. For what it's worth, shares for Borussia Dortmund traded at 5.75 on April 10, dipping to 5.5 on the day of the bombing and slipping to 5.38 on April 20, but have rebounded to 5.52 as of the afternoon of April 21.

Sergej. W had allegedly taken out a loan on April 3 to pay for the put options and bought them online from the IP address of the Hotel L'Arrivee, where the team was staying.

The attacker who bombed the Borussia Dortmund team bus, which injured Spanish worldwide, Marc Bartra, and a police officer, had a shocking motive.

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Prosecution spokeswoman Frauke Koehler however said police financial experts were still calculating how much he could have hoped to gain.

In a press statement on Friday, Germany's criminal prosecutor said the faulty installation of the explosive devices may have saved the players' lives.

"It indicates someone with a bit more financial awareness than your average person", said Chris Beauchamp, senior market analyst at IG Group in London.

It is yet to be established if the explosive devices used in the attack, packed with nails to increase the effect, were detonated remotely from inside the hotel.

In response, UEFA insisted the decision was made in "complete agreement with clubs and authorities".

In a joint statement, Borussia Dortmund chief executive Hans-Joachim Watzke and president Dr Reinhard Rauball said: 'We are grateful for the fact that in the suspect the responsible person for the humiliating attack on our players and staff members could be taken'.

Police originally suspected an "Islamist motive" after they found two letters at the scene, each claiming responsibility.

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