Tax scandal
CUM-EX procedure hires against the millions
The Wiesbaden district court completes another part of their information in the CUM-Ex Tax scandal. It is about the case in which tax lawyer Hanno Berger was sentenced to a long prison sentence.
The Hessian judiciary completes another part of its information in the billion-dollar CUM-Ex Tax scandal. The Wiesbaden district court has hired the criminal proceedings against a former stock market dealer against payment of a money requirement of 2.8 million euros, as a spokeswoman confirmed. Several media had previously reported.
Accordingly, it is about a man who deserved high commissions in former HypoVereinsbank (HVB). The case goes back to the 2017 CUM-Ex IN, because of which tax lawyer Hanno Berger was later sentenced to a long prison sentence. The procedure against the stock exchange dealer had been separated.
Millions of tax damage
The Hessian law enforcement officers had raised their indictment in connection with HVB CUM-Ex-deals in London. The Attorney General in Frankfurt had accused Berger of participating in CUM-EX shops from 2006 to 2008, which cost the tax authorities around 113 million euros. Several former HVB employees were involved in the deals.
According to a long delivery process from Switzerland, Berger was on trial in Wiesbaden from June 2022. He was sentenced to more than eight years in prison for severe tax evasion in May 2023.
Cum-Ex-deals are considered the greatest tax robbery in the history of the Federal Republic. Banks and other investors staged a confusion with stocks and received taxes from tax offices that they had not paid at all. The state lost estimated at least ten billion euros, and politicians reacted with a legislative change in 2012.
dpa
Source: Stern
