Financial Times FT.com

Mammoth tax evasion probe widens

By Hugh Wiliamson in Berlin

Published: February 21 2008 21:48 | Last updated: February 21 2008 21:48

Germany’s mammoth tax evasion investigation widened on Thursday as German bankers came under suspicion of assisting wealthy clients to hide millions of euros in Liechtenstein.

Metzler, the private Frankfurt-based bank, said that three of its staff were under investigation by prosecutors for assisting with tax evasion on funds totalling “less than €6m [$8.9m, £4.5m]”.

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