A local company was apparently involved in illegal trade in scrap metal. Prosecutors suspect a money laundering cycle. It is not yet clear whether a Munich tax advisor will be charged.
Money laundering is usually understood as the process of keeping illegally acquired capital moving through all sorts of back and forth transfers, fictitious transactions and other tricks until its origin can no longer be traced or can hardly be traced and it can be fed into the legal money cycle. In a case that the Munich I public prosecutor’s office is currently dealing with, it was the other way around: money that was legally acquired in Italy was taken out of circulation in Germany so that it could in turn be used for illegal transactions in Italy.