Cum-Ex scandal: No criminal proceedings against Chancellor Scholz and Mayor Tschentscher

New investigation details on the Cum-Ex scandal: Investigators found 200,000 euros in Kahrs’ locker

6 Aug 2022 6:43 p.m

In connection with the Cum-Ex affair, investigators made an interesting discovery in a bank safe deposit box belonging to former Hamburg SPD politician Johannes Kahrs last autumn: the investigators found 200,000 euros in cash inside. The find puts the former politician in distress: there is initial suspicion that he was being favored for tax evasion.

In the case of the Hamburg Warburg Bank’s illegal cum-ex transactions, new details have become known about the investigations that have been going on for months against the ex-SPD politician and Olaf Scholz confidante Johannes Kahrs, who was involved in the scandal. The public prosecutor’s office accuses the former member of the Bundestag of favoritism in connection with the bank’s illegal transactions. Now an explosive raid from the past year has become known.

As the picture-Zeitung first reported, investigators not only searched the politician’s private rooms on September 28 last year, they also contacted the Hamburger Sparkasse, where Kahrs was looking for information from the picture owns multiple accounts and a locker. When the prosecutors had it opened, they were amazed. According to the report, investigators found 200,000 euros in cash in the former politician’s safe deposit box.

In view of the accidental find, the Cologne public prosecutor’s office entrusted with the investigation is loud picture now apparently assumes that the large sum of money could possibly be a consideration from the Warburg Bank for Kahr’s alleged efforts to protect the bank from a tax refund in the millions. However, the former SPD politician could have earned the high cash sum elsewhere. The presumption of innocence therefore applies for the time being.

Hamburg Senate was not informed about preliminary investigations against Olaf Scholz in the Cum-Ex scandal

It is known to the general public that Kahrs, in his function as parliamentary group spokesman in the budget committee of the Bundestag, made representations for the Warburg Bank to the Federal Financial Supervisory Authority (Bafin), among others. According to statements by the former Bafin President Felix Hufeld, which he acted as a witness in the parliamentary investigative committee of the Hamburg Parliament, Kahrs phoned the Bafin on September 1, 2016 to inquire about the traditional bank. A few weeks later, the ex-SPD politician called again.

The former budget committee spokesman has repeatedly managed to direct considerable funds to Hamburg. In doing so, he created a web of personal dependencies that later became known as the “House of Kahrs”. A committee of inquiry has been analyzing the role of prominent SPD politicians in the scandal for years, including that of the then mayor of Hamburg and current Chancellor Olaf Scholz.

More on the subject – Cum-Ex: The bigger the scam, the lesser the penalty

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Source: RT

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