The police are searching for Tuesday morning in connection with so called Cum-Ex-procedure offices of the Federal Association of German banks (BdB) in Berlin and Frankfurt. An Association spokesman confirmed on request by the F. A. Z. on Tuesday morning: "It is true that the Cologne public Prosecutor determined in connection with Cum-Ex-the procedure in our offices in Berlin and Frankfurt." Previously Süddeutsche Zeitung", NDR and WDR had reported" about it.

Markus Frühauf

editor in the economy.

Marcus Young

editor in the economy.

The spokesman for the Association, the Deutsche Bank and Commerzbank belong to, among others, stressed that the investigation against the banking Association. "We are cooperating fully with the authorities," he added. Apparently, the Prosecutor's office determined against officials of the Association. Rather, it is likely to be a search in the Witness state.

The investigator could affect the interest, such as banks through the Association in the past have tried, law texts, and Writing of the German Federal Ministry of Finance to. This is likely to relate to the period prior to 2010. In the Cum-Ex-scandal, it comes to share trading around the ex-dividend date, with which banks and share traders tax refund, which they had never paid. The German state is supposed to be caused a damage of around 10 billion euros. The Finance lobby is said to have made their own proposals for possible changes in the law, which Cum-Ex-transactions in the results could be carried further, especially from abroad.