Deutsche Bank Employees Said to Be Charged in Carbon Probe
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Frankfurt prosecutors charged seven current and one former Deutsche Bank AG employees over a scheme to help the lender and clients evade taxes on carbon-emissions trades, according to two people familiar with the case.
The bankers are charged with being part of a group that tricked the authorities about value-added tax refunds on carbon-emissions trading in 2009 and 2010, Alexander Badle, a spokesman for prosecutors, said Thursday without naming the bank. The lender is Deutsche Bank, according to the people, who asked not to be identified because the process is private.