BLOOMBERG - markets

Tax Fraud Searches at Deutsche Boerse’s Clearstream Unit Continue

By

Karin Matussek

August 28, 2019, 11:23 AM GMT+2 Updated on August 28, 2019, 12:17 PM GMT+2

• Cologne prosecutors investigating staff and customers
• Deutsche Boerse says it’s cooperating with the authorities

A Deutsche Boerse Group banner hangs outside the Frankfurt Stock Exchange. Photographer: Krisztian Bocsi/Bloomberg

 

Deutsche Boerse AG, the operator of the Frankfurt stock exchange, said that searches at the company’s offices are continuing for a second day in a tax probe related to controversial Cum-Ex trades.
Cologne prosecutors started the searches at Deutsche Boerse’s Clearstream unit on Tuesday. The company has said that the probe targets staff and customers. The raids took place at the company’s offices in Eschborn, Germany, and Luxembourg, according to people familiar with the investigation.

More at: https://www.bloomberg.com/news/articles/2019-08-28/cum-ex-searches-at-deutsche-boerse-s-clearstream-unit-continue