Cum-Ex Olaf Scholz : Attorney General sees no corrupt suspicion against the Chancellor

In the so-called Cum-Ex-Affair, the Hamburg Public Prosecutor’s Office filed a complaint against the non-initiation of investigations against Mayor Peter Tschentscher (56) and his Predecessor, Chancellor Olaf Scholz (64, both SPD), dismissed.

This was confirmed by a spokeswoman for the German Press Agency after the “Tagesspiegel” reported it. A corresponding notification was issued on August 10.

The Attorney General’s Office has the criminal complaint filed by lawyer Gerhard Strate in February rejected as unfounded on suspicion of aiding and abetting tax evasion against Scholz, his then Finance Senator Tschentscher and other parties involved, writes the newspaper (Tuesday) . You have thus confirmed the point of view of the Hamburg public prosecutor’s office.

The spokeswoman explained that the public prosecutor’s office again refrained from investigating Scholz and Tschentscher in March because they continued to deny any initial suspicion of criminal prosecution.

The criminal complaint had not yielded any information that would have given reason to deviate from the earlier decision not to start investigations. This earlier decision was also confirmed by the appeal decision of the Attorney General’s Office dated November 29, 2021.

At the time, it was determined that Hamburg tax officials – and thus also their superiors – had not made themselves liable to prosecution when, in the exercise of their discretion, they failed to deduct capital gains tax of 47 million euros from cum-ex transactions from the Reclaim Warburg Bank AG.

In its decision of March 14, 2022, the public prosecutor’s office did not recognize any sufficient factual evidence that Scholz had made false statements in the Cum-Ex investigative committee.

Scholz had only recently rejected any responsibility in the tax affair surrounding the Hamburg Warburg Bank . “There is no evidence that there was any political influence,” he said last Thursday in Berlin. “I am sure that this realization will not be changed.”

After meetings between the then mayor Scholz and the bank shareholders Christian Olearius and Max Warburg in 2016 and 2017, the Hamburg tax authorities initially let a high million-euro tax claim against the bank expire. Only later, under pressure from the Federal Ministry of Finance and a court order, did she try to collect it.

In the matter, the Cologne public prosecutor’s office is already investigating two former Hamburg SPD politicians and a tax officer on suspicion of abetting tax evasion. An investigative committee of the Hamburg parliament is also dealing with it.