What is the estimated size of Cumex scandal?   

Carol Martin
@[email protected] · Posted 02 Feb. 2021

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@Business.Upside · Posted 03 Feb. 2021

German authorities believe this has cost that country’s treasury 10 billion euros in lost revenue. But there may be more than ten other European countries affected; with estimates saying around 55 billion euros may have been lost to those nations’ treasuries. With a number of banks having been raided as part of Europe’s growing *****-Ex scandal, investigators are focusing on precisely how (and by whom) the loophole was exploited to benefit so many.

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