Germany charges four men over ?20m tax evasion in cum-ex scandal

NAMPA / DPA
2026-08-20
Frankfurt (dpa) - Germany has brought charges against four former employees of Commerzbank on suspicion of serious tax evasion linked to the cum-ex fraud scandal.  The Frankfurt Public Prosecutor's Office said on Thursday the four men - two British nationals aged 66 and 59, a 61-year-old German and a 60-year-old US citizen - are responsible for tax losses amounting to more than ?20 million ($23.4 million). Cum-ex, which peaked between 2006 and 20......
Restricted content

Latest NAMPA photos

CAPE TOWN, 19 August 2026 - South Africa’s Minister of Sport, Arts and Culture, Gayton McKenzie speaking at Iziko Museum in Cape Town, South Africa during the handing over of remains of former Robben Island prisoners in partnership with the Namibian government. (Photo: Contributed)

CAPE TOWN, 19 August 2026 - South Africa’s Minister of Sport, Arts and Culture, Gayton McKenzie speaking at Iziko Museum in Cape Town, South Africa during the handing over of remains of former Robben Island prisoners in partnership with the Namibian government. (Photo: Contributed)

NAMPA
WINDHOEK, 19 August 2026 - Minister of Education, Innovation, Youth, Sports, Arts and Culture, Sanet Steenkamp speaking at the Iziko Museum in Cape Town, South Africa during the handing over of the remains of former Robben Island prisoners in partnership with the South African Department of Sport, Arts and Culture. (Photo: Contributed) NAMPA

WINDHOEK, 19 August 2026 - Minister of Education, Innovation, Youth, Sports, Arts and Culture, Sanet Steenkamp speaking at the Iziko Museum in Cape Town, South Africa during the handing over of the remains of former Robben Island prisoners in partnership with the South African Department of Sport, Arts and Culture. (Photo: Contributed) NAMPA

NAMPA
OPUWO, 19 August 2026 - Members of the Parliamentary Standing Committee on Education, Youth, Civic Relations and Community Development during an oversight visit to assess the implementation of the Youth Development Fund and progress on basic sports facilities in the Kunene Region on Tuesday. (Photo by: Kaviveterue Virere) NAMPA

OPUWO, 19 August 2026 - Members of the Parliamentary Standing Committee on Education, Youth, Civic Relations and Community Development during an oversight visit to assess the implementation of the Youth Development Fund and progress on basic sports facilities in the Kunene Region on Tuesday. (Photo by: Kaviveterue Virere) NAMPA

NAMPA
KATIMA MULILO, 19 August 2026 - The Zambezi Vocational Training Centre (ZVTC) on Wednesday received 300 pieces of Kiaat timber planks from the Ministry of Environment, Forestry and Tourism. (Photo: Contributed)

KATIMA MULILO, 19 August 2026 - The Zambezi Vocational Training Centre (ZVTC) on Wednesday received 300 pieces of Kiaat timber planks from the Ministry of Environment, Forestry and Tourism. (Photo: Contributed)

NAMPA
WINDHOEK, 19 August 2026 - Travis Smithard, CEO of Rhino Resources, at the official opening of the fourth edition of the Namibia Oil and Gas Conference. (Photo by: Justina Shuumbwa) NAMPA

WINDHOEK, 19 August 2026 - Travis Smithard, CEO of Rhino Resources, at the official opening of the fourth edition of the Namibia Oil and Gas Conference. (Photo by: Justina Shuumbwa) NAMPA

NAMPA
WINDHOEK, 19 August 2026 - Vice President Lucia Witbooi, at the official opening of the fourth edition of the Namibia Oil and Gas Conference. (Photo by: Justina Shuumbwa) NAMPA

WINDHOEK, 19 August 2026 - Vice President Lucia Witbooi, at the official opening of the fourth edition of the Namibia Oil and Gas Conference. (Photo by: Justina Shuumbwa) NAMPA

NAMPA
steenkamp

steenkamp

NAMPA
WINDHOEK, 19 August 2026 - Minister of Industries, Mines and Energy Modestus Amutse. (Photo by: Justina Shuumbwa) NAMPA

WINDHOEK, 19 August 2026 - Minister of Industries, Mines and Energy Modestus Amutse. (Photo by: Justina Shuumbwa) NAMPA

NAMPA