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BERLIN (AP) -- The German government on Wednesday demanded a swift explanation of an apparent technical mistake that led a state-owned development bank to transfer 300 million euros ($426 million) to Lehman Brothers shortly before its bankruptcy.
KfW said on Tuesday it mistakenly transferred the funds to Lehman on the day the investment bank filed for bankruptcy. The Frankfurter Allgemeine Zeitung (FAZ) newspaper reported that the payment was due to an erroneous swap payment.