2024-12-06 11:00:09
Politics
Finance
Business

Chancellor Scholz Faces Cum-Ex Scrutiny Again

Chancellor Olaf Scholz is once more summoned as a witness in the ongoing investigation into the notorious Cum-Ex tax scandal. This financial scandal involved fraudulent tax rebate claims, costing the state billions.

The focus now extends to the HSH Nordbank's involvement, which repaid €127 million in improperly claimed taxes. The inquiry seeks to determine if similar leniency, as shown to the Warburg Bank, was applied.

Scholz's past encounters with Warburg's Christian Olearius have raised suspicions of political interference, although no concrete evidence has been found. Scholz maintains no memory of key conversations.

The investigation's expansion to include the HSH Nordbank could pose new challenges for Scholz, as questions regarding his awareness and potential political influence during his tenure as Hamburg's First Mayor are scrutinized. Despite the intense examination, no direct accusations have been substantiated against Scholz.

However, his "memory gaps" continue to arouse public skepticism.

gmx
6. Dezember 2024 um 03:32

Chancellor Scholz summoned again to the "Cum-Ex" committee

Politics
Finance
Chancellor Scholz is to testify again in the "Cum-Ex" committee. The committee is now also investigating the machinations of the former HSH Nordbank, which wrongfully claimed capital gains tax refunds between 2008-2011. An investigation by the law firm Clifford Chance had uncovered this. The bank had reported the cases and repaid 126 million euros. The HSH Nordbank was sold to US investors on the instructions of the EU Commission in 2018 and renamed Hamburg Commercial Bank (HCOB).
DER SPIEGEL
6. Dezember 2024 um 04:35

News: Cum-Ex Affair, Olaf Scholz, Friedrich Merz, Greens - DER SPIEGEL

Politics
Finance
Economy
Today it's about the chancellor's memory, about black-green thought experiments and a long-planned break in which the FDP was not involved for once. Olaf Scholz has an appointment in Hamburg today. He has to appear in the annex of the town hall, room 2.04, where the parliamentary investigation committee of the city parliament is meeting on the Cum-Ex topic. The chancellor is summoned as a witness, for the third time now. Cum-Ex? Doesn't ring a bell anymore? Then briefly: With Cum-Ex transactio..
Tagesschau - Innenpolitik - aktuelle Nachrichten
6. Dezember 2024 um 05:25

Scholz before the Investigative Committee What is the Cum-Ex Scandal About

Politics
Finance
Economy
As of December 6, 2024, 6:25 AM Chancellor Scholz will be questioned for the third time before the Hamburg Investigative Committee on the Cum-Ex scandal. What role does the private bank Warburg play? And how did Cum-Ex become a political scandal? What happened with Cum-Ex? Bankers, stock traders, top lawyers and tax consultants have been having taxes refunded by the state for years that they had never paid before - an illegal raid on the state coffers that has cost the treasury several billion..
zeit
6. Dezember 2024 um 07:50

Tax Scandal: Investigative Committee Questioning Olaf Scholz on Cum-Ex Scandal

Politics
Finance
Scholz (SPD) questioned on the Cum-Ex scandal; HSH Nordbank paid back unpaid taxes, repaid 126 million euros in 2014; Scholz met with Warburg shareholders; further witnesses: Mayor of Hamburg, former senators; Parliamentary Investigative Committee of the Hamburg Parliament examines the events; peak of the Cum-Ex business 2006-2011.
CW

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