Borussia Dortmund Bus Bomber Suspected of Stock Market Scheme

According to prosecutors, the motive for the attack was financial and it had nothing to do with terrorism.

German prosecutors say the 28-year-old man arrested on suspicion of attacking the Borussia Dortmund team bus had taken out a five-figure loan to bet on a drop in the clubs' stock by purchasing financial derivatives.

A Dortmund player and a policeman were injured in the triple blasts last week as the bus was heading to the team's stadium for a Champions League game.

"We assume that the suspect arrested is responsible for the attack", said Frauke Koehler, a spokeswoman for the prosecutors' office.

She said investigators believe W. acted alone - there are "no indications of possible helpers" - but would continue to probe the possibility he had accomplices.

The scheduled match against AS Monaco was postponed as a result of the explosions. Put options give the buyer the right to sell back an asset at a predetermined price, no matter if the value of the asset plummets.

A significant drop in the price would have been expected if players had been seriously injured or killed in the attack.

The blast shattered the bus windows, and Spanish global Marc Bartra, 26, was wounded, forcing him to undergo surgery for a broken wrist.

Sergey V. supposedly wanted to increase his profits by speculating on falling Borussia shares after the attack, receiving 3.9 million euros ($4.1 million), according to prosecutors.

Prosecutors said that Sergei W.is "strongly suspected" to have carried out the attack and faced charged of attempted murder, inflicting serious bodily harm and causing an explosion.

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

An Iraqi man was taken into custody over a suspected Islamist link but was later cleared of involvement in the attack.

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

The devices were remotely triggered, and shrapnel was found as far as 250 metres away. But earlier this week police said these appeared to have been planted in an attempt to mislead investigators.

The man had drawn attention at the hotel, reported Bild - first by insisting on a top-level room at the front side and then, in the pandemonium after the blasts, by calmly walking to its restaurant to order a steak.

In a statement CEO Hans-Joachim Watzke and President Reinhard Rauball thanked the involved authorities for the swift investigation and hope that the club can now hopefully find closure.

  • Zachary Reyes