Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
German prosecutors raid Morgan Stanley in ‘cum-ex’ probe
[Image: 20220503-new_york-morgan_stanley_bank-afp.jpg]

FRANKFURT – German investigators today raided the Frankfurt offices of US bank Morgan Stanley in a probe related to “cum-ex” fraud schemes that cost European governments billions of euros in tax income, prosecutors said.

The Cologne prosecutor’s office was “carrying out searches” at the offices of a bank in Frankfurt, it said in a statement.

Morgan Stanley confirmed to Bloomberg News that its premises were being searched.

As well as offices, investigators had “searched the private homes of two suspects”, prosecutors said.

- More -

Forum Jump:

Users browsing this thread: 1 Guest(s)