Difficult day for Commerzbank. According to the French news agency AFP, the offices of Germany's second largest bank were raided today by investigators in connection with the tax evasion scandal known as "Cum Ex". The prosecutor did not provide details on the people and places involved. The case was also reported by the German business newspaper Handelsblatt.
The “Cum Ex” case concerns a tax fraud scheme discovered in 2017 thanks to a collaboration between several European media.
"As in the past, we cooperate fully with the authorities and it is in our best interest to clarify the matter as soon as possible," a bank spokesman told AFP, unable to say anything else "about the ongoing proceedings".
Several banks suspected of being linked to this case have already been searched in Germany, including Deutsche Bank.
German lawyer Hanno Berger, identified as the mastermind of the scam, has been awaiting trial since May.
In early September, Germany's finance ministry said the administration "has already requested the repayment of 2,4 billion euros", after identifying a total of 499 suspicious cases involving a volume of 5,5 billion euros. EUR.
