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BNPQY BNP Paribas (QX)

36.075
-0.375 (-1.03%)
Last Updated: 20:35:37
Delayed by 15 minutes
Name Symbol Market Type
BNP Paribas (QX) USOTC:BNPQY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.375 -1.03% 36.075 36.03 36.12 36.45 36.0175 36.37 76,318 20:35:37

BNP Paribas German Offices Raided by Prosecutors in Cum-Ex Investigation

25/01/2023 11:30am

Dow Jones News


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By Cecilia Butini

 

The German offices of BNP Paribas SA in Frankfurt are being searched by prosecutors amid an investigation into the company's Cum-Ex transactions, the bank said Wednesday.

The prosecutor's office in Cologne said it has been carrying out searches since Tuesday against 58 individuals who were or are currently employed at the bank or its subsidiaries.

"The operations are connected to Cum-Ex transactions currently subject of proceedings, as well as related tax evasion schemes," the prosecutor's office said in a statement.

BNP Paribas said it is continuing to fully cooperate with the public prosecutor according to legal requirements.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

January 25, 2023 06:15 ET (11:15 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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