The chief investigator in the so-called Cum-Ex scandal, Anne Brorhilker,
has thrown in the towel. Although effective prosecution is necessary
given the damage "in the billions", "nevertheless it was and is the case
that there is no central responsibility," she expressed her frustration
in an interview with WDR . “There remains a fragmentation of
responsibilities.”
Brorhilker complained that financial crime
could not be effectively combated in Germany. “The basic problem remains
that perpetrators with a lot of money and influence encounter a weak
judiciary that cannot deal with them,” emphasized the senior public
prosecutor. “Then we have the conclusion: the small ones are hanged, the
big ones are let go.” There would be a lack of everything, although
billions of dollars in money could flow back into the state treasury,
complained the lawyer.
Attempts at sabotage by the NRW Justice Minister?
According
to WDR information, Brorhilker asked to be released from his civil
service position. However, the fifty-year-old ruled out that an attempt
to disempower NRW Justice Minister Benjamin Limbach (Greens) was the
reason for her departure. Limbach is said to have tried to restructure
the successful authority. The minister is also accused of delaying
inquiries from the Hamburg investigative committee into the cum-ex
scandal.
In so-called cum-ex transactions, stock investors carry
out short sales before the dividend distribution date, which results in
multiple refunds of capital gains tax. The Hamburg private bank MM
Warburg was also involved in the transactions, which is why the tax
office demanded around 47 million euros in back taxes in 2016.
For
reasons that have not yet been clarified, the authority later dropped
the claim. In between, the then Warburg boss Christian Olearius and the
then First Mayor of Hamburg and current Chancellor Olaf Scholz (SPD) are
said to have met. Scholz says he cannot remember the content of the
conversations.
Brorhilker announced that she would be working
with the “Citizens' Movement Financial Transition” association in the
future. The organization is led by former Green Party member of the
Bundestag Gerhard Schick and advocates left-wing financial policy.
Source: Junge Freiheit