German Court Fast-Tracks Cum-Ex Trial Owing to Virus Outbreak
The outbreak has forced the court to expedite a trial that started late last year.
March 18, 2020 at 07:25 AM
2 minute read
The German court at the epicentre of the ongoing cum-ex scandal is to truncate the trail at the heart of the pan-European debacle, in view of the coronavirus outbreak that has rocked the world.
Bonn district court announced Tuesday that it will end 'evidence-taking' in the trial of five banks involved in the billion-euro tax evasion scandal—the first criminal case in the affair.
According to a statement, the court closed the 'taking of evidence' yesterday, and will progress to the main trail Wednesday. Local press has suggested that this could see the court reach a final judgment this week.
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