Ex-Warburg Banker’s Cum-Ex Trial Ends Over His Poor Health

The trial against the former head of M.M. Warburg & Co. over his role in Cum-Ex tax deals that cost Germany €280 million ($301 million) was ended without a verdict because of his poor health.

Christian Olearius has been found permanently unfit to stand trial, so the Bonn court on Monday dropped the case, according to a statement from the tribunal. The case started in September but suffered from delays and disruptions for months because of his health problems.

Olearius, 82, who was accused of 14 counts of aggravated tax evasion for authorizing Warburg’s Cum-Ex deals between 2006 and 2019, ...