Scholz Faces Cum-Ex Inquiry Again

Published: 2024-12-06

German Chancellor Olaf Scholz appeared before the Hamburg parliamentary inquiry for the third time regarding the Cum-Ex tax scandal.

The investigation focuses on whether Scholz, as the former mayor of Hamburg, influenced the decision to waive a €47 million tax reclaim from Warburg Bank.

Scholz defended his actions but cited memory lapses on several occasions.

The inquiry also questions the handling of illegal tax schemes by HSH Nordbank during his tenure.

Despite repeated questioning, Scholz maintains there was no political interference, though his memory gaps have become a point of contention.

The inquiry continues to probe the extent of his involvement in the scandal.