Former Deutsche Post chief indicted in tax scandal
AFP - [email protected] •
7 Nov, 2008
Updated Fri 7 Nov 2008 17:27 CEST
German prosecutors said on Friday they had charged the former head of Deutsche Post with tax evasion as part of a huge scandal involving Liechtenstein which blew up in February.
The scandal exploded after German authorities paid a former Liechtenstein bank employee €4.2 million ($5.4 million) for a CD containing the names of hundreds of people with accounts there.
This prompted countries around the world to launch their own investigations, as well as international criticism of Liechtenstein for its tradition of banking secrecy.
Deutsche Post's Klaus Zumwinkel was implicated in the affair, resigning after police raided his villa. He was accused of avoiding €1.2 million in taxes he should have paid on investment profits of €2.5 million earned in Liechtenstein, the Sueddeutsche Zeitung daily reported on Friday.
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The scandal exploded after German authorities paid a former Liechtenstein bank employee €4.2 million ($5.4 million) for a CD containing the names of hundreds of people with accounts there.
This prompted countries around the world to launch their own investigations, as well as international criticism of Liechtenstein for its tradition of banking secrecy.
Deutsche Post's Klaus Zumwinkel was implicated in the affair, resigning after police raided his villa. He was accused of avoiding €1.2 million in taxes he should have paid on investment profits of €2.5 million earned in Liechtenstein, the Sueddeutsche Zeitung daily reported on Friday.
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