From Tuesday, investigators and tax investigators searched the German headquarters of the major Swedish bank SEB in Frankfurt as well as several private apartments with a large contingent.
Years ago, share group transactions around the dividend cut-off date (“cum-ex”) are said to have been carried out through its subsidiary DSK Hyp AG.
Marcus Jung
Editor in business.
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There is suspicion of serious tax evasion. A spokesman for the Cologne public prosecutor's office did not reveal any names, but confirmed the searches. "The measure serves in particular to find relevant communication in the form of e-mails and other written correspondence," he emphasized.
A spokeswoman for the SEB said they were cooperating with the authorities.
With a view to the ongoing raid, they did not want to comment further.
The SEB had already made known in the past that public prosecutors are investigating cum-ex transactions in the vicinity of the bank.
The investigation names people who were previously employed by the German subsidiary of SEB, DSK Hyp AG.
“As far as we know, SEB has not offered or carried out any transactions in Germany aimed at the reimbursement of unpaid taxes.
We distance ourselves from this type of agreement. "