Senior public prosecutor Tim Engel will be the new chief investigator in Cologne for the Cum-Ex tax fraud cases involving stock transactions. This was announced by the North Rhine-Westphalian Justice Minister Benjamin Limbach (Greens). Engel will be the successor to Anne Brorhilker, who recently unexpectedly resigned.
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Minister Limbach said that the 50-year-old Engel, like his predecessor, was the head of the department for economic crime at the Cologne public prosecutor’s office. Brorhilker will train him for a month until she leaves.
Limbach continued that Engel had already dealt intensively with the cum-ex tax fraud in the Ministry of Justice of North Rhine-Westphalia. There he was responsible for the area of white-collar criminal law between January 2020 and February 2023.
Brorhilker criticizes the processing
After her resignation, Brorhilker criticized the political handling of the tax scandal. She is not satisfied with how financial crime is prosecuted in Germany. Tax theft has not stopped by a long shot; there are cum-ex successor models, said Brorhilker.
The public prosecutor spoke out in favor of a central, nationwide authority to combat financial crime. In the future, Brorhilker wants to work as managing director of the non-governmental organization Citizens’ Movement Financial Transition in the fight against financial crime.
It is estimated that the Cum-Ex fraud involving illegal stock deals defrauded the German state of a double-digit billion sum. Papers with (cum) and without (ex) dividend claims were moved back and forth between financial players in a short period of time. The tax authorities unknowingly reimbursed banks, stock traders and consultants with capital gains taxes that had not even been paid.
Senior public prosecutor Tim Engel will be the new chief investigator in Cologne for the Cum-Ex tax fraud cases involving stock transactions. This was announced by the North Rhine-Westphalian Justice Minister Benjamin Limbach (Greens). Engel will be the successor to Anne Brorhilker, who recently unexpectedly resigned.
Minister Limbach said that the 50-year-old Engel, like his predecessor, was the head of the department for economic crime at the Cologne public prosecutor’s office. Brorhilker will train him for a month until she leaves.
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Investigations into tax fraud: Tim Engel is the new Cum-Ex chief investigator
Vueling: strike notice for French hostesses and stewards maintained from May 8 to 12
2024-05-05 04:30:42
Unions representing French hostesses and stewards of the Spanish low-cost airline Vueling, dissatisfied with negotiations with their management, indicated on Saturday that they were maintaining their strike notice from May 8 to 12.
The SNPNC-FO announced that it had filed this notice on April 29 and then indicated that it was awaiting “a gesture from management” in order to “resume fair negotiations in the common interest of the life of the company and its employees”. But according to the union, management did not wish to “give a date to meet” and sent employees an email with a “threatening tone”.
The company would also have made a financial proposal offering only a temporary increase during the Olympic Games, deplores the union.
Expectations of management
The organization, which complains of a “sustained pace of work with very short rest periods”, “forced flights” for certain hostesses and stewards as well as the use of “employees under contracts other than French”, says having been joined by the CGT.
The notice coincides with the Ascension long weekend.
The SNPNC-FO, which had already struck in spring 2023 for salary increases and an improvement in working conditions, causing the cancellation of dozens of flights, is awaiting “a call or email from management in order to meet around a table to negotiate.”
The company boasts a network of 248 routes, including 42 in France from Orly, Roissy and six other French airports. It carried more than 34 million passengers in 2023.
Founded in 2004 in Spain and focused on “low-cost”, the Vueling company, headquartered in Barcelona, is a member of the IAG group, alongside British Airways and Iberia.
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Vueling: strike notice for French hostesses and stewards maintained from May 8 to 12
CEOs in Belgium Break 10 Million Euro Salary Barrier for the First Time
For the first time, the CEO of a registered company in our country earned more than 10 million euros per year. Not one, but two: Ilham Kadri from the chemical group Solvay and Tim Van Hauwermeiren from the biotechnology company Argenx. That’s telling The hour.
Ilham Kadri was the CEO who earned the best earnings in 2023 in the Bel20, the 20 most important listed companies in our country. This is due to the special benefit of 12 million euros that she received for the separation of Solvay at the end of last year into two separate listed companies, Solvay and Syensqo.
That bonus for Kadri was on top of her ‘normal’ salary of 5.3 million euros. This brings her total portfolio to 17.3 million euros. This is also the first time the 10 million barrier has been broken.
Kadri is not the only one to complete this milestone. Tim Van Hauwermeiren, CEO of Argenx, also succeeded in this. He earned 10.75 million euros last year. In addition to his fixed salary of 590,000 euros and a cash bonus of 553,000 euros, he received stock options worth 7.6 million euros.
The special bonus for Kadri pushed the average salary of Belgium’s top CEOs to 3.29 million euros, a quarter higher than in 2022. If that bonus is not included, the average would be 2.69 million euros, the same level as a year before. That is 56 times more than the average worker in our country earns: a total annual salary of around 47,600 euros.
2024-05-04 05:05:06
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CEOs in Belgium Break 10 Million Euro Salary Barrier for the First Time