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Germany: Carbon criminals all the way up

February 1, 2013

Jürgen Fitschen, co-chief executive, and Stefan Krause, a director, are involved in the investigation that on Wednesday saw hundreds of police and tax officials raid the bank’s headquarters in Frankfurt, as well as private addresses in Berlin, Düsseldorf and Frankfurt.

The investigation is centred on 25 of the bank’s staff, according to German prosecutors, and involves allegations of tax evasion, money laundering and obstruction of justice linked to carbon trading certificates.


As a commentator on WattsUpWithThat put it: “This is how to make money out of thin air”.


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