BONN/FRANKFURT (Reuters) - Two British bankers were handed a suspended jail sentence on Wednesday and one was told to pay a 14 million euro penalty in Germany's biggest post-war fraud trial of a scam involving multi-billion-euro trades to get bogus tax reclaims.
The ruling is the first criminal conviction for what judge Roland Zickler dubbed "a collective case of thievery from state coffers", activity that thrived during the years after the financial crash and as banks were bailed out by the state.
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