Deutsche Bank raided in tax fraud probe ...Middle East

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Deutsche Bank raided in tax fraud probe
FRANKFURT: The headquarters of Germany's biggest lender Deutsche Bank were raided on Tuesday as part of investigations into a huge tax fraud scam that cost the government billions.Prosecutors from Cologne searched the Frankfurt offices as part of investigations into the so-called “cum ex” case, Deutsche Bank said.The bank added it “continues to cooperate fully” with authorities over the sprawling case, which has also ensnared Chancellor Olaf Scholz, who denies wrongdoing.First exposed in 2017, the “cum ex” scandal involved numerous participants swiftly exchanging company shares among themselves around dividend day to claim multiple tax rebates on a single payout.Dozens of people have since b

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