German lawyer Eckart Seith, a whistleblower in the cum-ex scandal, is on trial in Zurich for economic espionage and violations of the Banking Act. He is accused of obtaining and sharing internal documents from Bank J. Safra Sarasin with German investigators, amid tensions between Germany's tax evasion efforts and Swiss banking secrecy. Seith's case highlights the fallout from the controversial cum-ex transactions, which led to significant tax losses across Europe and were banned in both Germany and Switzerland.
German lawyer Eckart Seith, a whistleblower in the cum-ex scandal, is set to stand trial in Switzerland on December 9 for economic espionage and violations of the Banking Act. He is accused of obtaining and sharing internal documents from Bank J. Safra Sarasin with German authorities, amid ongoing tensions between Germany's tax evasion efforts and Swiss banking secrecy. Seith's case is linked to a lawsuit by billionaire Erwin Müller against the bank, which involved controversial dividend-splitting transactions that led to significant tax losses across Europe.
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