BNP Paribas German Offices Raided by Prosecutors in Cum-Ex Investigation
January 25 2023 - 5:30AM
Dow Jones News
By Cecilia Butini
The German offices of BNP Paribas SA in Frankfurt are being
searched by prosecutors amid an investigation into the company's
Cum-Ex transactions, the bank said Wednesday.
The prosecutor's office in Cologne said it has been carrying out
searches since Tuesday against 58 individuals who were or are
currently employed at the bank or its subsidiaries.
"The operations are connected to Cum-Ex transactions currently
subject of proceedings, as well as related tax evasion schemes,"
the prosecutor's office said in a statement.
BNP Paribas said it is continuing to fully cooperate with the
public prosecutor according to legal requirements.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
January 25, 2023 06:15 ET (11:15 GMT)
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