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    Frankfurt Bank, Two Homes Searched in Relation to ‘Cum-Ex’ Scandal | World News

    BERLIN (Reuters) – German prosecutors are searching a bank in Frankfurt as well as the private homes of two suspects in relation to the “cum-ex” tax fraud scandal, according to a spokesperson on Tuesday.

    The search is being conducted in particular in order to collect relevant emails and written correspondence.

    The scandal is Germany’s biggest post-war fraud involving a share-trading scheme that the authorities say cost taxpayers billions of euros.

    The prosecutors did not name the bank.

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    (Reporting by Elke Ahlswede, Writing by Miranda Murray; Editing by Madeline Chambers)

    Copyright 2022 Thomson Reuters.

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