A dingy corner bar, an Aldi store and a little more presentable Parking lot, which is frequented by drinkers and small-time dealers. In the Winter whistles in the passage between the two office an icy Wind towers. Now, in the summer, is the heat. It is not a place to stay in Mainz. Passers-by hurrying to their trains in the opposite the main train station or are on the way in the Neustadt said, with its pubs and wine bars.
But the from the Boniface towers in the station district, a large-scale tax fraud in Denmark and Belgium, comparable to the Cum-Ex-cases, in this country, taken its course. To at least EUR 1.7 billion of the damage of the bound - and commercial fraud was estimated for the foreign tax authorities.Since 2017 investigators from the Copenhagen and Brussels have the small Mainz-based private Bank, North Channel Bank in the visor, always in close consultation with the German criminal pursuers. Officials of the public Prosecutor of Koblenz, as the Central office in Rhineland-Palatinate for Economic crimes responsible, by seeking first of all to Ask the Danes and the Belgians are the business of the Mini-Bank premises in Mainz.
And you were apparently easy to find. Also in Germany, the determining procedure because of the suspicion of money laundering to run its course. Like the F. A. Z. reported, adopted in February 2020, the district court of Mainz arrest warrants against two former managing Director of the Bank. Federal detectives arrested the men, until today, the two main suspects sitting in detention – and, some former employees of the North Channel Bank is now to be made the process.
alleged of very serious money laundering
the Prosecutor's office in Koblenz said, she has filed against the former managing Director and other bankers ' charges in front of a large criminal chamber at the regional court of Mainz. The person at the age of 37 to 63 years will be laid to the load, to have the origin of funds from illegal stock transactions by American pension funds, in the amount of 160 million veiled. For health reasons, the procedure was separated against another employee of the Bank. According to the investigation, the Prosecutor of a community committed gangs and professional money laundering. The district court of Mainz to the indictment and a conviction, threatening the accused up to ten years in prison.
What is the role of but a small player such as the North Channel Bank, focusing with just under 50 employees, mainly financing for enterprise investments and the American life insurance market plays in the probably the largest tax scandal in Scandinavia? The pattern which is the same as the "Cum-Ex"Deals: North American pension funds created the illusion of transactions in shares on the dividend record date, for which the Danish tax authorities had deducted a withholding tax. These were the funds reimburse. For some of these transactions in the years 2012 to 2015, the North Channel Bank was used.
According to an earlier report of the "süddeutsche Zeitung", based in turn on a search warrant of 2017, to be involved 212 American pension funds, as well as five companies with the name Oban. A current excerpt of the commercial register has an eponymous holding company, which is behind the Mainz-based Bank.Updated Date: 12 August 2020, 11:21