Translated
It's all about Warburg Bank - raid on SPD politician's home
According to an exclusive information of BILD from judicial circles, the public prosecutor's office Cologne searches this morning in Hamburg the apartment of ex-SPD MP Johannes Kahrs in the investigation complex around the "Cum-Ex" scandal in connection Warburg Bank.
Kahrs was a member of the Bundestag from 1998 to 2020.
According to BILD information, Kahrs was in Berlin yesterday evening until 23.20, was seen in a good mood at the garden party of the Seeheimer Circle in the Parliamentary Society (Reichstag), actually wanted to stay in Berlin until the end of the week.
The public prosecutor's office in Cologne confirmed that there were house searches - also at the Hamburg financial administration - but would not confirm the name of Kahrs.
There it said on BILD inquiry: "In an investigation led with the public prosecutor's office Cologne against three accused because of the initial suspicion of the Begünstigung since this morning search orders of the district court Cologne of 22.09.2021 are executed, which concern apart from private rooms also premises Hamburg financial authorities. The investigations to date have revealed indications of criminally relevant conduct on the part of the defendants in connection with "Cum/Ex transactions" of a Hamburg-based credit institution that are the subject of the proceedings. Both in view of the ongoing investigations and in view of the accusation of tax evasion underlying the overall facts of the case, further information on the content of the proceedings cannot be provided due to the tax secrecy that must be observed. The search of the premises of the aforementioned authorities initially serves to secure documents and communications relevant to the evidence."
https://twnews.it/de-news/es-geht-um-die-warburg-bank-razzia-bei-spd-politiker
and here the Warburg Bank…
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History
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Warburg Bank Announces Changes to Supervisory Board
Hamburg - November 22, 2019
The current Chairman and Deputy Chairman of Warburg Bank’s Supervisory Board, Dr. Christian Olearius and Max Warburg, are completing their handover to the next generation of their colleagues. As the final act in this process, which started in 2014, they will step down from their positions as from the end of 2019.
After nearly four decades of successful work in a variety of positions for the Bank, during which time they built up a large number of companies, the two men will hand over to the new Supervisory Board as of the end of the year. Dr. Bernd Thiemann, a member of M.M. Warburg & CO’s Supervisory Board since 1998, is to be elected as the new Supervisory Board Chairman. Dr. Thiemann was formerly the CEO of Nord/LB and of Deutsche Genossenschaftsbank (DG Bank). Two new members, Prof. Burkhard Schwenker and Dr. Claus Nolting, will also be elected to Warburg Bank’s Supervisory Board. Prof. Schwenker was CEO and Chairman of the Supervisory Board at management consultants Roland Berger for many years. Lawyer Dr. Claus Nolting previously held positions on the executive boards and supervisory boards at a number of banks.
https://www.mmwarburg.de/en/publications/press/Warburg-Bank-Announces-Changes-to-Supervisory-Board/