In recent developments in Germany, the construction entrepreneur Christoph Gröner has declared personal bankruptcy just one day after a police raid at his company's headquarters in Leipzig, where authorities are investigating him for suspected insolvency fraud. The raid was part of a broader investigation into the Gröner Group, which has faced scrutiny for its financial practices. Concurrently, a nationwide raid was conducted at Engel & Völkers, a real estate agency, which also has a location in Mecklenburg-Vorpommern. In Augsburg, a police officer has been charged with involvement in criminal activities, including misconduct in office, while additional allegations have emerged against an Augsburg official previously employed in the Bavarian State Chancellery for defrauding investors. In a separate case, a Zurich court has surprisingly dropped charges against attorney Eckart Seith, who played a key role in exposing the Cum-Ex scandal, despite facing accusations of economic espionage. This decision marks a significant turn in a case that was expected to continue into 2025. Meanwhile, investigations into alleged fraud at the textile company Sympatex are nearing completion, with a managing partner of One Square Advisors arrested due to serious suspicions and risks of flight and evidence tampering.
Two fund managers have been charged in Germany for "particularly serious" tax evasion over their alleged role in a €45 million ($47 million) cum-ex dividend tax fraud, prosecutors confirmed Thursday. https://t.co/ivz5mIGAzo
Im Fortis-Komplex sollen zwei deutsche Fondsmanager vor ein Strafgericht. Als Leerverkäufer sollen sie in Gibraltar einen Fonds aufgesetzt haben, über den Cum-ex-Geschäfte zu Lasten des Steuerzahlers abgewickelt wurden, schreibt @MarcusCJung https://t.co/Ji3A06LnAB
Im Fall Sympatex ist ein Managing Partner der One Square Advisors aufgrund dringenden Tatverdachts sowie Flucht- und Verdunkelungsgefahr festgenommen worden. Eigner Stephan Goetz kommt gegen Auflagen dagegen frei. https://t.co/ivSrijppw2