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Clearstream Staff Suspected of Misleading Authorities on Tax Fraud Scandal

  • Clearstream unit’s role in German tax scheme bigger than known
  • Warrant cites meeting with Barclays, emails to Scotia Capital
Updated on

Deutsche Boerse AG’s Clearstream unit may have had a bigger role than previously known in Germany’s most controversial tax scandal, and may have misled authorities about it, according to a warrant in the case.

Employees and managers at Clearstream were informed “in detail” about how so-called Cum-Ex deals were organized and “actively supported” transactions, according to the court document seen by Bloomberg. They also met with clients to talk about how trades were handled, booked and reviewed.