Probe against Deutsche Bank CEO Juergen Fitschen for tax evasion, role of Anshu Jain unclear

Comments print
Agencies: Berlin, Dec 13 2012, 13:22 IST
Deutsche Bank.jpg
and Krause had signed Deutsche Bank's tax declaration in 2009.

Fitschen headed the bank¿s German operations at that time while Krause was the chief financial officer

The EU's emissions trading system to reduce CO2 emissions, sets limits on the emissions of industries and power plants and allows them to buy carbon permits for additional emissions if needed as well as to sell their surpluses.

In December, last year, a judge at the regional court in Frankfurt sentenced six men of different nationalities to jail after finding them guilty of tax evasion in emissions trade between 2009 and 2010.

Investigations at that time showed that Deutsche Bank staff had cooperated with them.

Deutsche Bank confirmed Wednesday's police raid and said it would continue to cooperate with the authorities.

In a statement, the bank said Fitschen and Krause were involved in the investigations as they signed the value added tax statement for 2009.

"The bank corrected this voluntarily a long time ago. Unlike the public prosecutor's office, Deutsche Bank is of the opinion that this correction took place in due time," the statement said.

Ads by Google
   Previous | 1 | 2
Previous Story  Wife can ask maintenance if hubby gets another wife at home: HC Next Story  Crude oil futures down on global cues
Reader's Comments| Post a Comment

Be the first to comment.

Post your Comment

Your email address will not be published. Required fields are marked *

Name *
Email *
Message *
 
captcha
please enter the above characters in the box below