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German Prosecutors Intensify Deutsche Boerse Cum-Ex Probe: HB

May 18, 2022, 5:11 PM

Public prosecutors in Germany have intensified their investigations into Deutsche Boerse’s possible involvement in alleged illegal cum-ex transactions, Handelsblatt reported.

“The group of suspects in the ongoing investigations by the Cologne public prosecutor’s office has expanded in several stages - most recently a few days ago - and to our knowledge also includes former and current employees and board members of Deutsche Boerse Group companies,” Theodor Weimer, the CEO of the stock exchange operator, said on Wednesday at the company’s general meeting, according to Handelsblatt.

In so called cum-ex transactions, banks and investors for years fleeced the state of billions ...