German Finance Minister under investigation for tax fraud scandal.

1 min read
Source: POLITICO Europe
German Finance Minister under investigation for tax fraud scandal.
Photo: POLITICO Europe
TL;DR Summary

Germany's center-right opposition, CDU/CSU bloc, plans to launch a parliamentary investigation into Chancellor Olaf Scholz's alleged connection to a massive tax evasion scandal, known as the "Cum Ex" affair, which defrauded the German state of over €30 billion. Scholz's previous defense is being called into question after new details emerged, and the Hamburg regional parliament plans to summon him for the third time to an investigative committee. The CDU/CSU bloc has enough votes in parliament to set up an investigative committee, and the Left party also said it would back such a request.

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