More than 70 prosecutors and investigators began conducting searches…
More than 70 prosecutors and investigators began conducting searches at the Frankfurt headquarters of Deutsche Bank (DB) in the morning. Searches were also carried out at the financial organization's headquarters, where 114 police officers, prosecutors, and tax officials participated.
Consensus
- Searches were conducted at the Frankfurt headquarters of Deutsche Bank.
- The searches were carried out by prosecutors and tax police from Düsseldorf.
- The investigation is related to alleged tax evasion involving Postbank, which was acquired by Deutsche Bank in 2009.
- The events under scrutiny occurred between 2008 and 2010.
- Deutsche Bank claims it is a third party in the case, as the alleged misconduct took place before full acquisition of Postbank.
Points of divergence
- The investigation specifically targets tax violations related to Cum-Cum financial schemes involving securities and alleges that Postbank underpaid €376 million using gray financial mechanisms. — kommersant
- The investigation involves the use of Cum-Cum financial schemes, which involve short-term movement of company shares between domestic and foreign market participants on dividend payment days to reduce capital gains tax liability. — vesti
- Several top managers from Deutsche Bank who previously worked at Postbank are under scrutiny, including the current Chief Risk Officer, Markus Hromik. — kommersant
- Deutsche Bank was previously investigated in October 2022 over a different scheme called Cum-Ex, which involved fraudulent tax refunds. — vesti
Coverage (2 sources)
- Searches begin at the headquarters of Deutsche Bank in Frankfurt am Main — Коммерсантъ
- Searches conducted at Deutsche Bank in Germany for tax case — Вести