German Law Raid Blackrock Offices (Blk)

Following upwards on Oct 29's "How Europe's taxpayers accept been swindled of €55 billion".

From Deutsche Welle, Nov 6:

BlackRock controls trillions of dollars of assets together with has right away been caught upwards inwards the monumental cum-ex taxation scandal. The investment fund's interest has detail significance for the High German government.

High German investigators raided the offices of finance giant BlackRock on Tuesday, several media outlets reported.

The raid is component subdivision of the country's biggest post-war fraud investigation, known equally the cum-ex scandal.
BlackRock told DW it is "fully cooperating" with investigators. The chairman for its Federal Republic of Federal Republic of Germany division, Friedrich Merz, said he had ordered management to "investigate all instances together with brand documents available to authorities."

What is the cum-ex scandal? The scandal came to low-cal inwards 2016 when it emerged that several High German banks had exploited a legal loophole which allowed 2 parties simultaneously to claim ownership of the same shares. This contrived "dual ownership" allowed both parties to together with thus claim taxation rebates fifty-fifty though both were non entitled to it. The scandal cost taxpayers billions of euros....MORE