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Wiesbaden (dpa) - The Wiesbaden Regional Court has once again postponed its process for the criminal investigation of "Cum-Ex" share deals.
The commercial criminal chamber does not want to negotiate on the indictment of the public prosecutor's office in Frankfurt until March 25, as the judiciary announced on Monday.
The reason given was the corona health protection of those involved, who were last invited for Thursday next week (January 28) (Ref .: 6 KLs - 1111 Js 27125/12).
The negotiation should take place in a lightweight hall.
The public prosecutor's office had already made public its indictment against a lawyer from Hesse and five former employees of a bank in May 2018.
It was the first nationwide indictment of share transactions at the expense of the state treasury, which investigators have been employing nationwide for years.
The Wiesbaden court examined the indictment for so long that in the meantime a similar trial had already been decided before the Bonn Regional Court.
Most recently, the start of the process in Wiesbaden was postponed from mid-October to the end of January - also with reference to the corona pandemic.
The defendants are charged with serious tax evasion.
They face up to ten years imprisonment for this.
In “cum-ex” transactions, investors used a loophole in the law to cheat the state out of billions for years.
Around the dividend cut-off date, shares with (“cum”) and without (“ex”) dividend entitlement were shifted back and forth between several participants.
Tax offices reimbursed capital gains taxes that had not been paid.
The state suffered billions in damage.
In 2012 the tax loophole was closed.
Several public prosecutors and courts nationwide have been working on the issue of "Cum-Ex" for years.
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