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Published 3 years ago

Key player in German cum-ex tax fraud arrested in Switzerland - prosecutor

Summary by Reuters
FRANKFURT - Hanno Berger, a German who is accused of playing a key role in a years-long tax fraud, has been arrested in Switzerland where he had been living in exile, a spokesman for prosecutors in Frankfurt said on Friday. The scandal, known as cum-ex, is Germany's biggest post-war fraud involving a share-trading scheme that the authorities say cost taxpayers billions of euros.

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