The German workplaces of BNP Paribas SA
in Frankfurt are being searched by prosecutors amid an investigation into the company’s Cum-Ex transactions, the financial institution reported Wednesday.
The prosecutor’s place of work in Cologne reported it has been carrying out lookups because Tuesday against 58 folks who have been or are presently utilized at the financial institution or its subsidiaries.
“The functions are related to Cum-Ex transactions currently issue of proceedings, as effectively as related tax evasion schemes,” the prosecutor’s business office mentioned in a assertion.
BNP Paribas explained it is continuing to totally cooperate with the public prosecutor according to lawful prerequisites.
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