The money house comes under pressure in the cum-ex affair.
(Photo: imago images/Mattias Christ)
Frankfurt Raid in the twin towers: Public prosecutors, tax investigators and police officers have been searching the headquarters of Deutsche Bank in Frankfurt since Tuesday. The officials also frisked the private homes of some of the suspects.
The searches are being carried out as part of a five-year investigation into suspected serious tax evasion (reference number 213 Js 375/17). The procedure is directed against around 80 suspects.
The Cologne public prosecutor’s office is in charge of the search. “As of today, the Cologne public prosecutor’s office is executing search warrants against a bank in Frankfurt am Main and other group companies as well as against an auditing company. In addition, the private homes of ten suspects are searched. The measures are related to cum-ex transactions that are the subject of the proceedings and related tax evasion models,” said a spokeswoman for the authorities. 114 investigators are on duty.
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