German lawyer sentenced to 3.5 years in prison for cum-ex tax fraud


BERLIN, Jan. 30 (Xinhua) -- A former top lawyer of Freshfields Bruckhaus Deringer in Germany was sentenced to three and a half years in prison for aiding and abetting serious tax evasion in the "cum-ex" scandal, the Frankfurt am Main Regional Court ruled on Tuesday.

The man, whose sentence can still be appealed, had advised Maple Bank on cum-ex deals, a business model allowing wide-scale tax rebates on sums that were never paid. It was unclear for a long time whether such deals were illegal.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read