Tim Baxter, Stanchart’s London-based head of corporate communications told Euromoney: “Yes, there has been a breach.”
A four-year-old investigation that included searches of offices and private property, didn’t support allegations initially made in a television-news report, prosecutors in Mannheim said in an e-mailed statement.
Elzahne Henn of global audit, tax and advisory firm Mazars said there would be "no good news for wealthy tax avoiders in 2012" when the Budget was delivered by Finance Minister Pravin Gordhan on February 22.
The IRS says it has stepped-up its internal reviews, including by designing new identity-theft-screening filters, to spot such scams before refunds are issued.
The London-based bankers, whose claims range from around 15,000 euros to 2.6 million, launched their legal battle in late 2009 after some were paid only 10 percent of the discretionary bonuses they were promised for 2008 out of a guaranteed minimum bonus
Regulators and some lawmakers in Europe, the U.S. and Asia have fared little better, resorting at times to nationalist sentiment to block exchange consolidation, alongside analysis that at times seemed out of step with a world of round-the-clock global tr