German Chancellor Olaf Scholz’s emails have been peeled off by police

Emails from the German Chancellor Olaf Schulz It was examined as part of a scandal investigation.CumEx . filesDividend Tax Fraud, Monday, August 8th Daily Reports Openplate Burger. Investigators examined the emails in March beginning on January 1, 2015, when Olaf Scholz was mayor of Hamburg (North), a position he held until his 2018 appointment as finance minister in the previous government, Chancellor Angela Merkel.

The CumEx scandal, a scam that was first exposed in 2017, concerns an innovative tax optimization scheme devised by banks that allows foreign investors to lower their dividend taxes. Dozens of people in the case have been charged in Germany, including bankers, merchants, lawyers and financial advisors. A total of ten countries are involved.

“There is nothing to hide”

Among the accused banks was Hamburg’s Warburg Bank, which should have repaid €47 million to the German port city, but which the municipality ceded in 2016. Investigators are trying to find out if political leaders – including Olaf Schulz, the city’s mayor – were pressuring Municipal tax authorities to stop the collection of these taxes. Olaf Schultz is due to be questioned again on Friday in Hamburg by a parliamentary committee over his role in the case.

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His spokesperson, Stephen Hebestreet, told Openplate Burger that the counselor was unaware of the investigation into his emails and that “There is nothing else to hideThe decision to forego the reimbursement of Warburg Bank was reportedly made shortly after a conversation between then-mayor Olaf Schulz and Christian Olearius, then-president of the Bank, according to the German press. However, Olaf Schulz denied putting pressure on Hamburg’s tax authorities. to forgo collecting these taxes.