The money house is located in the Bonifazius Towers in Mainz.
(Photo: Thomas Kohler)
Dusseldorf The district court of Koblenz has dismissed the charges against seven managers of North Channel Bank, including the two former managing directors, in a large money laundering case. “The opening of the main proceedings is rejected for legal reasons,” says the court’s decision of November 22, which is available to the Handelsblatt.
The two main suspects used to be managing directors of the North Channel Bank in Mainz, which was involved in a money laundering case. In the meantime they were even in custody. With the court’s decision, the two men have been rehabilitated.
The prosecutors could not convince the court that the bankers should be criminally accused. “There is a lack of an unlawful predicate offense that is a prerequisite for money laundering,” the judges decided. The decisive factor was that the predicate offense of tax evasion did not take place in Germany but abroad.
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