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