CEO of Deutsche Bank Israel Arrested for Allegedly Enabling Tax Evasion

[kreslik.news]

Boaz Schwartz, the CEO of Deutsche Bank Israel, was arrested today over allegations of falsely reporting deals worth over NIS 550 million since 2011. The court has ordered his release on bail under certain restrictions.

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According to the Israeli Tax Authority, the investigation against the bank and its CEO was started due to suspicions regarding a number of offences. The companies that the CEO exclusively managed, Deutsche Securities Israel and Deutsche Global Markets, allegedly falsely reported that their deals were on behalf of non-Israelis only and therefore tax ... (read more)