EFTA02662131.pdf

From: jeffrey E. <[email protected]> Sent: Tuesda , Februa 7, 2017 7:16 PM To: Subject: Re: FYI - Deutsche Bank Israel MD arrested in tax probe still nothing from johnny On Tue, Feb 7, 2017 at 3:12 PM wrote: Fyi Ariane de Rothschild Begin forwarded message: From: Miki Kliger Date: 7 February 2017 at 19:39:10 GMT+1 To: Pernollet Jean-Christophe manuel <mailt "TOBIA <mailt "AESCHLIMANN Yve GONTI mailto <mailto ect: e: YI - Deutsche Bank Israel MD arrested in tax probe =/b> Dear all, As you already know and=following JCP Email, there was a recent development in regards to Deutsche=Bank in Israel. The VAT authorities activated criminal investigation and a=prehanded the CEO. As far as we know, for =he most part the similarity to our activities is not high and they have ve=ious different operations in Israel, mainly FX trading, investment banking=etc.,and are registered as a bank in Israel. They are Not really doing PB here. It is not yet clear wha= is the case, and as soon as we learn more, we will update you. Best regards, Miki EFTA_R1_01910857 EFTA02662131  On 8 Feb 2017, at 6:51, Pernollet Jean-Christophe wrote: </=pan> Deutsch= Bank Israel MD arrested in tax probe Boaz Sc=wartz suspected of misreporting transactions worth more than $1.47m<=> The mana=ing director of Deutsche=Bank <http://markets.ft.com/data/equities/tearsheet/summary?s=de:DBK= target=> 's operation in Israel has been arrested on Tuesday=as part of a probe of suspected tax offences. Israel=E2 s Tax Authority said that Boaz Schwartz was arrested on suspicion =f tax offences, including the misreporting of transactions worth more than=Shk550m ($147m) and released on bail without being charged. The auth=rity said the probe focused on Deutsche Bank's Israeli unit =99s reporting of transactions as foreign business, which are entitled to a=zero value added tax rate, for business that was actually done in Israel. Israeli=authorities said that the arrest came after a search of Deutsche Bank =80 s company offices and the seizure of documents and computers. Mr Schw=rtz and other executives were questioned as part of the investigation, they said. A Je=usalem court ordered Mr Schwartz to post bail of Shklm and deposit Shk450,=00 at the court. The executive's passport was not confiscated, and=he is free to travel abroad with 48 hours' notice. =/u> Mr Schw=rtz could not be reached for comment. Israeli police said they had no comm=nt on the executive's arrest, and Deutsche Ban= <https://www.ft.com/topics/organisations/Deutsche_Bank_AG> said it was co- operating with Israeli authorities on t=e case. =9C0eutsche Bank in Israel and abroad acts in accordance with the law and s=rict legal advice," the company said. "We are co-operating=with the tax authorities on this inquiry and will continue to do so." Israeli=authorities have been zealous about pursuing suspected tax evasion, and th=ir high- profile targets include the model Bar Refaeli <http://www.ynetnews.com/articles/0,7340,L-4918874,00.html> and her mother Tzipi Refaeli who have been questioned by tax autho=ities. Both have denied wrongdoing and neither have been charged with any =rime. The arr=st is the latest headache for Deutsche Bank, which has spent much of the p=st two years trying to resolve its big outstanding legal cases. In January= it reached a $7.2b= deal <https://www.ft.com/content/7d8lfb46-c8b8-11e6-8129-9445cac8966f> with the US Department of Justice to settle allegations that it =is-sold mortgage-backed securities in the run-up to the 2007 global financ=al crisis. And las= week, it agreed to pay $=30m <https://www.ft.com/content/5bc8008a-e722-11e6- 967b-c88452263daf> to settle two US and UK investigations into alleged mi=ror trades used to launder $10bn out of Russia. Deutsche Bank apologised f=r past mistakes in a series of advertisements in German newspapers over th= weekend. 2 EFTA_R1_01910858 EFTA02662132  Separat=ly on Tuesday, Deutsche Oppenheim, a part of Deutsche Bank's wealt= management business, said that the German lender's former co-chie= executive, Jurgen Fitschen, had joined its advisory board. Mr Fits=hen stepped down from the helm of Deutsche Bank last year, but continued t= help the bank in Asia and Germany. =C2 =C2 =C2 =A0 <image001.png> Je=n-Christophe Pernollet This email and any files transmitted with it are co=fidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. 20 Rothschild Blvd. T. <http://www.edris.co.il> <http://www.edris.co.il> =span style="FONT-SIZE:8pt;FONT-FAMILY:1ArialVsans-serif L=;;COLOR:green">Please consider the environment before printing this email. Thank you! 3 EFTA_R1_01910859 EFTA02662133 <=ont size="1">This email and any files transmitted w=th it are confidential and intended solely for the use of the individual o= entity to which they are addressed. If you have received this email by mistake please notify the sender and de=ete this e-mail from your system. If you are not the intended recipient yo= are notified that disclosing, copying, distributing or taking any action =n reliance on the contents of this information is strictly prohibited. <=ont size="1">E-mail transmission cannot be guarante=d to be secured or error-free as information could be intercepted, corrupt=d, lost, destroyed, arrive late or incomplete, or contain viruses. The sender the=efore does not accept liability for any errors or omissions in the content= of this message, which arise as a result of e-mail transmission. If verif=cation is required please request a hard-copy version. =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:[email protected]" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved 4 EFTA_R1_01910860 EFTA02662134