VAT carousel: Deutsche Bank employees in court – Tagesspiegel

17:51 clock <- self.position eq 1 -> <- inTeaserPicPosition:! 1 -> <- self.position: 1 -> <- position:! Center -> <- Text position: HCF text-left -> <- inIsPrint: false -> <- inHasPic: true ->

In the scandal of tax fraud in pollution rights the prosecution of employees of Deutsche Bank is apparently imminent. But also for any other reason the week is important for the financial institution.

<- inTeaserPicPosition: 1 -> <- self.position: -1 -> <- classId: ! HCF inline-left -> <- position: left - Text position -> <-> <- inHasPic:! true -> <- ! - include ps2 -> <- self.position eq 2 -> <- inTeaserPicPosition:! 1 -> <- self.position: 2 -> <- classId: HCF-line ! left -> <- position: left -> <- Text position: -> <- inIsPrint: false -> <- inHasPic: true ->

Eight employees of Deutsche Bank is according to a report in the near future a charge of VAT fraud to the house. They are helped an international criminal organization in the trading of pollution rights and have brought to at least EUR 136 million in tax revenue to the German government, the magazine writes the “Mirror”.

The report states that the Frankfurt prosecutor’s office would press charges against the bankers. Prosecutors for years already determined against the criminal group. About German companies accused the emission rights were acquired from abroad and resold domestically through intermediate companies, without paying sales tax. This would be the fraudster can still be reimbursed by the tax office

<- inTeaserPicPosition: 1 ->. <- Self.position - - otherwise> <- classId:! HCF inline-left -> <- position: left -> <- Text position: -> <- inIsPrint:! false -> <- inHasPic: ! true -> <- self.position eq 2 -> <- inTeaserPicPosition:! 1 -> <- self.position: 2 -> <- position: left -> <- Text position: -> <- inIsPrint: false -> <- inHasPic: true ->

As the magazine reports, the German bank is as usually the last link in the chain, the papers have often sold to its own subsidiary in England, from where they had been partly fed back into the circulation. Masterminds of fraudulent VAT carousels should be according to the report, a Briton who was arrested in the spring in Las Vegas and is nearing the extradition to Germany. 1 -: inTeaserPicPosition – In spring, the prosecutor’s office had announced that it is investigating 26 employees and former employees of Deutsche Bank in connection with the tax scandal

<. <- - Self.position eq 3!>! > <- self.position: 3 -> <- classId: HCF inline-right -> <- position: right - textposition -> <-!> <- inIsPrint: false -> <- inHasPic: true -> <- self.position eq 2 -> <- inTeaserPicPosition:! 1 -> <- self.position: 2 -> <- classId: HCF inline-left -> <- position: left -> <- inIsPrint: false ->

The new chief executive John Cryan had said to his inauguration on 1 July, the reputation of the bank had been damaged by serious misconduct. “As a result, high penalty payments reduced our capital resources and are likely to constitute a burden even for some time.”

In the first three months of the current year, the Bank had its litigation reserves to 1.5 billion increased to EUR 4.8 billion euros. Whether the bank now already has a float, it will show next Thursday: Then, the Group shall present its report for the second quarter. Analysts expect an average pre-tax profit of more than 1.2 billion euros and 700 million euros surplus. dpa

<- self.position eq 1 -> <- self.position: 1 -> <- position: center -> <- Text position: HCF text-left -> <- inIsPrint: false -> <- inHasPic: true - ! -> <- self.position eq 1 -> <- inTeaserPicPosition: 1 -> <- self.position: 1 -> <- classId: HCF center -> <- Text position: HCF text-left -> <- inIsPrint: false -> <- inHasPic: true ->