The Sun God wrote: ↑Fri Jan 29, 2021 1:57 pm
backrow wrote: ↑Fri Jan 29, 2021 1:34 pm
Have there been any recent developments in the German cum ex trails with my old boss involved ?
I’ve not been following any financial press really.
AFAIK not since the initial suspended sentences were handed down by the courts in Bonn at the end of last summer. I think this COVID shit has put everything on the back foot.
There’s three on going trials and 400 people have been put in notice.
Trial one: same guys from the summer plus 4 more, (2 of which aren’t in court and won’t go to Germany). This is Hypo again.
Trial two : executives at Maple Germany, who are in the hook following the collapse of Maple under the weight of unpaid tax reclaims back in 2018.
Trial three: Deutsche bank vs MM Warburg. Round one to DB, judge told Warburg to sue the broker..
The authorities have an application in to extend the statute of limitations on these offences from 10 to 25 years.
They’ve allocated court time in Bonn , Frankfurt, Maine and Munich for dozens of trials in the next 2 years.