Cum-Cum Businesses
Why Olaf Scholz is facing new problems because of cum-cum deals
Through so-called cum-cum transactions, 28 billion euros are said to have been stolen from the German state. What role did Hamburg politics – and Chancellor Olaf Scholz – play?
On a moderately warm summer day in Hamburg, a banker and a city tax official meet in the city for a sensitive appointment. The old horse market on Gerhard-Hauptmann-Platz has become a place of money; the state-owned HSH Nordbank is based there. Your bankers have a confession to make to the tax officials. A confession that could put the bank in distress, including leading politicians. It’s August 24, 2017.
Published in stern 50/2024
Source: Stern
