Ex-fund managers to admit guilt in Munich cum-ex trial

NAMPA / DPA

2024-11-07

Munich (dpa) - Two former fund managers on trial in Munich on charges of evading taxes worth ?343 million ($371 million) through so-called "cum-ex" transactions will acknowledge guilt, defence lawyers told the court in their opening statement on Thursday. The charges set out over 91 pages were in large part correct, they said, acknowledging that the two men had made large mistakes in the period 16 to 14 years ago. Both men are likely to face leng......

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