Some 500 German police officers have raided the headquarters of the Deutsche Bank in Frankfurt, arresting five employees. Officials say staff are suspected of involvement in tax evasion and money laundering.
A court in Frankfurt is looking into the role that suspended employees of Deutsche Bank played in a large-scale fraud scheme involving the trading of carbon permits. The trial is to continue until May.
Germany’s transport ministry has found 30 car models to have conspicuously high amounts of carbon emissions, and higher levels of fuel consumption than their manufacturers have indicated, according to media reports.
After journalists published a tranche of documents exposing the shadowy world of offshore business, two German banks have said helping customers set up shell companies abroad is not illegal per se.
A month before the verdict is due in the LuxLeaks trial, the prosecution has laid out its case for jail time for the whistleblowers. Critics say the case has let corporations who avoided paying taxes off the hook.
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