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Hamburg (dpa) - Federal Finance Minister and SPD Chancellor candidate Olaf Scholz will testify today (2 p.m.) in front of the parliamentary committee of inquiry of the Hamburg citizenship on the “Cum-Ex” affair.

The committee of inquiry is supposed to clarify whether leading SPD politicians had any influence on the tax treatment of the Hamburg Warburg Bank involved in the "Cum-Ex" scandal.

The Vice Chancellor, who was First Mayor of Hamburg from 2011 to 2018, denies this.

He is called as a witness.

The background to this are meetings between Scholz and Warburg co-owner Christian Olearius in 2016 and 2017, which became known from diary entries, against whom a suspicion of serious tax evasion was already being investigated.

The city later allowed possible additional tax claims of 47 million euros to be statute-barred, a further 43 million euros was only claimed after the Federal Ministry of Finance intervened.

The bank has now settled all claims.

But that was not an admission of guilt, she emphasized.

In the previous two meetings of the committee, Olearius lawyers had also denied that the meetings with Scholz were about any deals.

Olearius merely explained his legal opinion to the mayor, according to which the tax claims were unjustified.

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© dpa-infocom, dpa: 210429-99-406527 / 2

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