At the beginning of the second day of the trial, an accused investment banker made a confession before the Bonn Regional Court. S., who helped settle-ex transactions in the back office of the British financial company Duet Group, apologized for his contribution to organized tax evasion. This is reported by the news agency Bloomberg.

Marcus Jung

Editor in business.

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In the process, which began at the beginning of the week, the 47-year-old Briton has to answer for a tax loss of 92 million euros. This was caused in 2010 by a fund set up by Varengold Bank. According to the indictment, S. is said to have received a bonus of 80,000 pounds.

His client had been instructed to implement the trade plans, but had never planned these transactions himself, said defense lawyer Christian Pelz in the courtroom. Nevertheless, S. knew that the-ex profits came from tax refunds. Since many financial players had been involved in the transactions, S. believed that everything had to be correct, Pelz said.

Subsequently, three former partners of Duet, including founder Henry Gabay, have to answer before the ninth large criminal chamber in Bonn.

Next indictment has been filed

Because the judiciary in North Rhine-Westphalia expects a flood of-ex trials, several criminal chambers have been set up at the regional courts. In the coming months, the 14th large criminal chamber could lead to a first criminal trial for serious tax evasion. As a spokeswoman for the district court of Bonn confirmed on request, the public prosecutor's office in Cologne presented another indictment.

This should be the Chairman of the Board of Directors of the fund company Sheridan from Luxembourg, as the "Handelsblatt" writes on Thursday. The accused is said to have been a good contact of the tax lawyer Hanno Berger, who has since been convicted of-ex. In the case, the tax authorities are said to have been defrauded of 462 million euros.

On the advice of the Swiss private bank Sarasin, numerous wealthy private investors had funds in Sheridan and had to accept high losses. The claims for damages dragged on for several years.