A €366 million Cum-Ex tax scam case involving Avana has been allowed to go to trial in Munich. The case, which dates back to 2011, centers around alleged fraudulent transactions worth hundreds of millions of euros. If found guilty, those involved could face severe penalties. The development highlights the ongoing efforts to combat tax evasion and fraud.

Source: https://www.bloomberg.com/news/articles/2024-10-28/munich-366-million-cum-ex-tax-scam-case-over-avana-allowed-to-go-to-trial