The bank was created in 2003 by the merger of Hamburgische Landesbank and Landesbank Schleswig-Holstein forth
. (Photo: AP)
Berlin HSH Nordbank is to ablate other contaminated sites. In the past, in 2011 sold the Luxembourg subsidiary of HSH affluent customers was instrumental to evade taxes, confirmed Insider Handelsblatt.
A took place in March 2015, Commerzbank major raid was for many banks occasion about their to worry about the past. HSH’s Chief Financial Officer Stefan Ermisch announced at that time, to seek external expertise in addition to the internal audit to clarify the past.
In addition to a firm is also the accounting firm PwC sought an explanation. Then, as an insider, also included the HSH to the banks, the customer via Luxembourg-supplied shell companies in Panama in order to save on taxes illegally. So it’s about tax evasion.
The willingness to cooperate in the investigation paid obvious for the bank from. She comes to information from financial circles with a relatively lenient fine of 22.5 million euros of which only a small portion is attributable to the fine, the largest part is the repayment of the levy income. First, the “Süddeutsche Zeitung”
had reported in conjunction with the NDR and WDR on the agreement with the Cologne public prosecutor’s office. HSH-owner circles praised the actions of the Bank. The Supervisory Board was always kept informed about the case, the results obtained should now approve the supervisory board on 27 August. As we heard, said to have been formed for the sum already a risk provision. About more details to CFO Ermisch when presenting the half-year figures in late August provide information.
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