HAMBURG, Aug 19 — German Chancellor Olaf Scholz will answer to a committee on Friday as part of investigations into a financial scandal that cost the government billions, as the leader struggles to shed suspicions over his possible role in the huge tax fraud scam.
First exposed in 2017, the “cum-ex” scam involved numerous participants swiftly exchanging company shares amongst themselves around dividend day to claim multiple tax rebates on a single payout. The bank eventually had to pay back tens of millions of euros under pressure from Merkel’s federal government.
Scholz also this week faced a backlash over his failure to immediately condemn comments on the Holocaust made in Berlin by Palestinian president Mahmud Abbas. “A huge number of hearings, a huge number of files have brought only one result: there are no findings that there was political influence,” he said.
According to several German media reports, investigators have seized emails from Scholz’s former office manager Jeanette Schwamberger that could bring new evidence to light.These emails are “potentially relevant to the evidence, as they suggest considerations around deleting data”, according to the reports.Other newly seized documents reportedly suggest that Scholz, contrary to what he has claimed so far, did raise the subject of reimbursement directly with Olearius.
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