German Bank – greed as the motivation for fraud – Frankfurter Rundschau

February 15, 2016

Another dispute: The German bank has already paid tax liabilities of 220 million euros. Photo: AFP

Seven Former German Bank employees are of aggravated gang-fraud trial, many trial observers scribble notes on blocks with German Bank Logo. The trial begins with the usual bias applications and Instrumentation Rügen

Frankfurt -..

seven former employees of Deutsche Bank stand since Monday due to heavy gang-fraud before the Frankfurt District court. They should have participated in the 2009 and 2010 on a criminal VAT carousel with CO2 certificates. It bought abroad CO2 certificates were sold through a chain of other companies in Germany, the company could be from the Treasury then tax refund, which they had never paid. The resultant tax loss should be 220 million euros -. The German bank has him now settled

Nobody accuses the defendants of having enriched themselves personally. Nevertheless, they should have made the extremely lucrative for their banking transactions, even though they should have been aware that this might not have been quite kosher.

The first day of the trial began in such processes usual Befangenheitsantrags- and occupation Rügen potpourri. At the core of the criticism was the presiding judge Martin Bach. This was sentenced in November 2011, several traders involved in the CO2 trading to prison terms of between six and less than ten years. And had the ZDF, where, according to the defense “prime time”, an interview in which he says that it is “virtually imposes” that employees of Deutsche Bank were at least “integrated” in the tax fraud scheme. This had led to a “media prejudgment” of their clients, the lawyers. And obvious that Bach was already convinced of the guilt of the accused.

In addition, the defenders have doubts on the banding of their clients, after all these are indeed all already been an employee of Deutsche Bank. And while the person already convicted have committed crimes from a “failed existence” out, their clients were merely followed the well-respected livelihood of Bankers.

tax fraud trial against former employees of Deutsche Bank has begun

the fact that the so might be occupying at least quoted in a motion for bias phone logs, CO2 in which the defendant mentioned in so -Calls their company say is “a powerhouse in trading”. The same time they are talking also about the stomach Grimmen that they have in these deals: “We do it only because we schweinisch earn a lot of money on it,” says one, another is called “greed” as a motivation. And a reflected even on clear. “This is of course in the combination all total S …” – it follows an expletive, which is a trading powerhouse unworthy

now has over numerous partiality applications another chamber decide. Almost surprisingly was the afternoon then still be started with the reading of the 850 pages thick indictment.

Richter Bach had hinted at the controversial ZDF interview, in his opinion, there had the German bank given the expectable profits when reviewing their business partners too easy made. But the German bank is not sitting on the dock. But in the audience an extraordinary number of viewers, of which make up an extraordinary number of notes, and mainly on a notepad with German bank logo – what can be random or sloppy camouflage

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