Deutsche Bank headquarters raided by German prosecutors over historical dividend tax fraud
The Düsseldorf public prosecutor's office has raided Deutsche Bank's Frankfurt headquarters as part of an ongoing investigation into 'cum-ex' tax fraud schemes. The probe focuses on operations conducted by the bank's subsidiary, Postbank, between 2008 and 2010, marking a continuation of long-standing legal scrutiny regarding dividend tax refund irregularities.
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Germany — 7 developments
Deutsche Bank Headquarters Raided Over Historical Cum-Ex/Cum-Cum Tax Fraud
German prosecutors have raided Deutsche Bank's Frankfurt headquarters as part of an ongoing investigation into historical 'cum-ex' and 'cum-cum' tax fraud schemes. The probe specifically targets operations conducted by the bank's subsidiary, Postbank, between 2008 and 2010, focusing on alleged illegal tax transactions that reportedly caused significant losses to the German treasury. The raid confirms continued legal scrutiny of Deutsche Bank's involvement in dividend tax refund irregularities.