Top German fund VIP hit by tax evasion probe

By 2005-09-29T00:00:00

The investigations against VIP executivesSchmid, Eduard Wallner and Andreas Grosch and the company's tax consultantscentre on the defeasance structure of the VIP 3 and VIP 4 guarantee funds.According to industry circles, the public prosecutor is arguing that theinvestors' initial loss attributions cannot be recognised in full since thefunds' structure would ...

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