German prosecutors search Deutsche Bank HQ in cum-ex probe

2022.10.18 09:17

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German prosecutors search Deutsche Bank HQ in cum-ex probe

Budrigannews.com – German prosecutors have searched the headquarters of Deutsche Bank (ETR:) in connection with an ongoing investigation of the multibillion-euro tax fraud scheme known as “cum-ex”, Deutsche Bank said on Tuesday.

Deutsche is one of many banks that prosecutors have searched in connection with the tax scheme that thrived more than a decade ago.

Deutsche said it has been cooperating with investigators on the topic since 2017 and was continuing to do so.

Handelsblatt first reported the search.

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German prosecutors search Deutsche Bank HQ in cum-ex probe