Rahman Ravelli
Rahman Ravelli Solicitors Logo
Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539

About Us Expertise PEOPLE International Legal Articles News Events Contact Us
Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
search
Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
search

Syed Rahman explains to Law360 why the sentencing of a former bank chief for Cum-Ex is significant

Author: Syedur Rahman  4 June 2021

With a German court sentencing a banker to jail for five and a half years for involvement in the Cum-Ex share selling scandal, Rahman Ravelli’s Syed Rahman gave his thoughts to Law360.

Whilst the sentence itself is not yet final, Syed emphasised how significant the case was, as it is the first time that a banker has been sentenced over Cum-Ex.

He explained that the individual being jailed - after being found guilty of five counts of aggravated tax fraud - is set to cause shockwaves across Europe at a time when Cum-Ex is the subject of numerous investigations in various countries.

With the length of the sentence indicating just how serious the authorities are viewing Cum-Ex, Syed said that there will be many firms and individuals feeling uncomfortable at the outcome of the case.

He also predicted further action from the German authorities as they look to pursue the institutions involved in Cum-Ex, through either civil action or regulatory investigations. With Germany having lost €10 billion to Cum-Ex, it will be looking to prosecute those involved and recover as much of the money as possible.

Syed's article featured in Law360. (Subscription required) 

Syedur Rahman C 09551

Syedur Rahman

Partner

syedur.rahman@rahmanravelli.co.uk
+44 (0)203 910 4566 vCard

Download Profile PDF

View Profile

Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, civil recovery, cryptocurrency and high-stakes commercial disputes.

Share this article on