There are half a dozen probes in Germany, with one in Cologne being the broadest. Prosecutors are focusing on a whole bunch of bankers, attorneys and buyers. At Deutsche Financial institution AG alone, about 80 former and present staff are below investigation, together with 5 former board members. The Frankfurt-based lender says it by no means straight participated as a brief vendor or purchaser in Cum-Ex offers, and it’s cooperating with the authorities. Suspects are additionally being chased overseas. Authorities put Paul Mora, a former funding banker at UniCredit SpA’s HVB unit who lives New Zealand, on Interpol’s Most-Needed listing. In the meantime Switzerland in August determined to extradite Hanno Berger, a German tax lawyer who had been dwelling within the nation since police raided his Frankfurt-based regulation agency 9 years in the past over Cum-Ex. Berger is combating the choice, and each he and Mora reject the allegations.
https://www.washingtonpost.com/enterprise/the-german-tax-dodge-probe-thats-roiling-banks/2021/09/24/ac61fda2-1cec-11ec-bea8-308ea134594f_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | The German Tax-Dodge Probe That’s Roiling Banks