Economy Olaf Scholz has to answer the questions in the...

Olaf Scholz has to answer the questions in the finance committee because of Cum-Ex

-

In the clarification of the controversial share transactions of the Hamburg private bank M.M. Warburg is overtaken by Federal Finance Minister Olaf Scholz (SPD) from his political past. Scholz, who called the transactions around the dividend date (“Cum-Ex”) a few months ago as “a giant mess”, was the first mayor of Hamburg from 2011 to 2018. During this period, the business of M. M. Warburg and its subsidiary Warburg Invest fall, which as a subsidiary party in a criminal case at the district court in Bonn can expect property to be confiscated.

The Hamburg financial authorities are said to have acted carelessly in the investigations against Warburg during the times of Scholz and the then finance senator and today’s mayor Peter Tschentscher (SPD). A claim by the tax authorities against Warburg in the amount of almost 47 million euros is said to be statute-barred at the end of 2016, according to reports by NDR and “Zeit”.

Opposition demands clarification

Members of the opposition, above all left-wing politician Fabio De Masi, are demanding further clarification from Scholz and the Federal Ministry of Finance. That had an effect on Thursday. Scholz has agreed to answer the questions of the MPs on Warburg and Cum-Ex, said Lisa Paus, finance spokeswoman for the Greens and chairwoman in the finance committee on Twitter. However, Scholz will only explain himself there on March 4, and thus only after the Hamburg elections on February 23.

Meanwhile, the Warburg lawyers are on the offensive in the criminal proceedings with several requests for evidence. In the letters to the 12th Grand Criminal Court, which the F.A.Z. are available, the lawyers of the law firm Flick Gocke Schaumburg request, among other things, to invite a financial officer from Hamburg as a witness. The head of the tax office for large companies in Hamburg should state that the authority has not investigated any recoveries for the period from 2007 to 2009. This would make these claims statute-barred.

Citing a verdict from the Federal Fiscal Court, the lawyers claim that it will not be possible to collect funds that the Warburg Group has received as a result of their cum-ex activities. Against this background, an order by the court “had to be omitted”. The two parties involved in collection would have to expect a total of up to 278 million euros. The Bonn criminal case is about a tax damage of almost 400 million euros.

,

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

JVC 70-inch Ultra HD Roku Class 4K Smart TV (LT-70MAW795) is available from Walmart

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) - sm Mt (0.8em) - sm" type = "text" content...

This is when MLB’s decision to investigate the theft of Red Sox signs is expected to be made

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) - sm Mt (0.8em) - sm" type = "text" content...

Can pets get and spread the coronavirus?

Following the new epidemic originated in Wuhan (China), the word coronavirus is on everyone's lips. "It emerged in a...

The British Parliament discovers a secret passage of more than 360 years of history

Those responsible for the heritage of the Palace of Westminster in London, which houses the British Parliament, have found...

Abelardo’s recipe for a miracle: «Go out to & # 039; all the milk & # 039;»

The coach of RCD Espanyol, Abelardo Fernández, said in the previous leg of the second leg of the round...

Military accused of killing Madeiran command meets judgment on 9 March in Sintra

A Comandos military officer accused of killing the Madeiran Luís Teles with a G-3 shotgun, at the Carregueira...

Must read

JVC 70-inch Ultra HD Roku Class 4K Smart TV (LT-70MAW795) is available from Walmart

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0)...

This is when MLB’s decision to investigate the theft of Red Sox signs is expected to be made

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0)...

You might also likeRELATED
Recommended to you