JPMorgan Frankfurt Offices Raided as Part of Tax Probe
- Cologne prosecutors continue to target U.S. investment banks
- More than 50 officers involved in action that started Tuesday
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JPMorgan Chase & Co.’s Frankfurt offices are being raided by Cologne prosecutors as part of their vast probe into the controversial Cum-Ex scandal that robbed tax payers of billions of euros.
The US bank confirmed in a statement that it was visited by officials and said that it continues “to cooperate with the German authorities on their ongoing investigation.”