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Germany revives 'cum-ex' tax fraud investigation, raids Deutsche Bank

German authorities raided Deutsche Bank's headquarters as part of the 'cum-ex' tax fraud investigation.

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The fact

Nine years after the scandal emerged, the bank is being targeted for information, not as a suspect but as a third party.

The case could shed light on one of Europe’s largest financial scandals, with estimated losses of 55 billion euros.

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Why it matters

Le scandale « cum-ex », l’un des plus grands scandales fiscaux européens, refait surface avec des perquisitions chez la Deutsche Bank. L’enquête pourrait révéler de nouvelles responsabilités dans un système de fraude ayant coûté des dizaines de milliards d’euros aux États européens, dont l’Allemagne et la France.

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