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Deutsche Post CEO's home and office raided

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16:27 CET+01:00
Deutsche Post, Germany's former mail carrier monopoly, now the world's largest logistics group, confirmed on Thursday that CEO Klaus Zumwinkel is being investigated by prosecutors and his offices have been searched. The public prosecutor's office is investigating whether or not the high powered business man has evaded taxes by placing €10 million in Liechtenstein.

“We don't know anything,” said a spokesperson for the police. ZDF, a German broadcaster, reported that the raids in the company headquarters and at Zumwinkel's house began at simultaneously 7am. The operation was secretly planned for weeks, according to reports.

A former McKinsey consultant, Zumwinkel is one of the longest serving CEOs in Germany. Having been at the helm of Deutsche Post for 19 years, Zumwinkel oversaw the company's privatization and global expansion. He also is on the advisory board of Deutsche Telekom and Postbank.

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