Bonn (dpa-AfX)-When dealing with the largest tax scandal in the Federal Republic, the CUM-EX share deals, a judgment against a central player is expected on Tuesday (12:00 p.m.).
The German lawyer Kai-Uwe Steck will accuse five cases of particularly serious tax evasion in the years from 2008 before the Bonn district court. The associated tax damage is said to have been 428 million euros (file number 62 KLS 1/24).
The public prosecutor has pleaded for a prison sentence of three years and eight months, the defense has requested a procedural attitude.
Steck was formerly a law firm of the so-called cum-ex architect Hanno Berger. While Berger was convinced of the legality of his actions until the very end, Steck was poured, cooperated with the public prosecutor and acted as a key witness.
From the perspective of Steck, it is incomprehensible that he ended up on the dock despite extensive statements in investigations and as a witness in other CUM-EX procedures. However, the public prosecutor denies that there have been promises to spare him. However, it is in favor of asserting mitigating circumstances in the judgment.
In “Cum-Ex”, financial actors shift shares with (“cum”) and without (“ex”) dividend entitlement back and forth in order to receive unpaid taxes. The high phase of this fraud was from 2006 to 2011. According to estimates, the tax authorities lost a double-digit billion-euro amount.
The judgment against Steck is the first judge, which is announced in a courthouse in Siegburg near Bonn. The 43 million euro building had been built especially for CUM-Ex