Deutsche Bank is to pay over $190m to resolve a NEW YORK government tax fraud lawsuit which accused Deutsche Bank "insolvent" shell companies to hide tax liabilities from the tax office in January 26, 2016 . But the shell companies lacked the funds to pay the taxes, and Deutsche Bank admitted that it knew or should have known this was the case, the papers said. This move puts an end to a lawsuit that sought to recoup $95m in taxes, penalties and interest. Deutsche Bank says it is pleased to resolve the claim and move on.
Deutsche Bank is to pay over $190m to resolve a NEW YORK government tax fraud lawsuit which accused Deutsche Bank "insolvent" shell companies to hide tax liabilities from the tax office in January 26, 2016 . This move puts an end to a lawsuit that sought to recoup $95m in taxes, penalties and interest. Deutsche Bank says it is pleased to resolve the claim and move on.