Shock judgment in Munich: Manager convicted of 343 million euros in tax evasion!

Shock judgment in Munich: Manager convicted of 343 million euros in tax evasion!

In the first CUM-Ex process in Munich, two former fund managers were convicted of severe tax evasion on December 13. Götz K. (71) and Thomas U. (63) had caused a total damage of over 343 million euros. The court imposed in prison for five years and three months, although six months have already been enforced, as the presiding judge Andrea Wagner said. As part of their actions in 2009 and 2010, the accused held massive businesses with a group of companies in which shares were traded by German corporations by several billion euros. In this procedure, capital gains tax, which had never been paid for, which the public prosecutor described as "shameless", occurred, reported Hello Munich .

confession and guilt

The two defendants showed remorse at the beginning of the trial. K. apologized emotionally and stated that his own greed and arrogance were the motives for his actions. His statement that the whole thing appeared like a "game" illustrates the naive perspective of that of the procedures at that time. The defense lawyer largely granted the allegations and advocated pity for the existing financial and private ruins of the accused. Despite the insight, the court is not ready to consider the two only as a fellow runner, since their contribution to the Cum-Ex-shops was classified as decisive, reported