Whistleblowers around the world have helped fiscal authorities to recover billions of euros. Rudolf Elmer used to be a banker himself – but then became a prominent critic of the sector, revealing many of its secretive practices.
EU negotiators have approved a directive protecting whistleblowers who report issues such as fraud and tax evasion by authorities or corporations. Germany backed the provision despite criticism from other countries.
The European Parliament has backed new rules to protect whistleblowers from reprisals. European Union lawmakers say they want to look out for those people who bring scandals to light.
Cologne's public prosecutor has submitted charges against two British stock brokers for their involvement in the scandal. But those accused of wrongdoing have said they only exploited a "legal" loophole.
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