Hamburg Cum-Ex Inquiry Finds No Evidence of Political Influence, Say SPD and Greens

After four years of investigation, the parliamentary committee concludes key allegations of political interference in tax decisions remain unproven.

The Hamburg parliamentary inquiry into the Cum-Ex tax scandal has ended, with SPD and Greens asserting no evidence of political influence was uncovered.
The investigation focused on the Warburg Bank and HSH Nordbank, scrutinizing tax decisions involving millions of euros in improperly refunded capital gains taxes.
Opposition parties, including CDU and Left, maintain there are indications of political involvement by Olaf Scholz and Peter Tschentscher during their tenure in Hamburg's government.
The inquiry highlighted the need for stronger measures to combat financial crimes, with Hamburg reportedly improving its financial oversight and enforcement capabilities in recent years.
The final report is set to be debated in February, with minority reports from opposition parties expected to challenge the majority findings.