SEB comments on investigation by German public prosecutor
As SEB has previously communicated, the German public prosecutor has an ongoing investigation regarding so-called cum-ex transactions, in which the purpose is to recover tax that was not paid. In this investigation, a number of individuals previously employed by SEB’s German subsidiary DSK Hyp AG are mentioned. To the best of our knowledge, SEB in Germany has not offered or conducted transactions where the purpose is to recover tax that was not paid. We distance ourselves from that type of arrangement. As part of this investigation, the public prosecutor has on 14 and 15 December