As the then mayor of Hamburg, Olaf Scholz is said to have met Finance Senator Peter Tschentscher in 2017 to talk about the Warburg Bank. This is indicated by a calendar entry that is available to the public prosecutor. This means that both get further into an explanation.

In the Cum-Ex affair, the pressure on Chancellor Olaf Scholz (SPD) is increasing again. A previously unknown piece of evidence points to a meeting between the then Mayor of Hamburg, Scholz, and the Senator for Finance, Peter Tschentscher. The conversation is said to have been about the tax case of the private bank Warburg. This is reported by the “Spiegel” based on a confidential note from the Cologne public prosecutor’s office from the end of June.

They describe the meeting of the two on September 6, 2017 as “potential evidence,” noted in Tschentscher’s electronic calendar. Scholz and Tschentscher – the current mayor of Hamburg – have always denied that the two met at the Warburg Bank.

Scholz is suspected of having helped the private bank that got into financial difficulties. He is said to have influenced the decision not to initially reclaim around 47 million euros that the bank had wrongly received in capital gains taxes in the course of the Cum-Ex fraud.

Scholz is said to have met the owner Christian Olearius three times in 2016 and 2017, although he had already been investigated. The suspicion: particularly serious tax evasion. But Scholz can no longer remember the content of the meeting, he said before the committee of inquiry in August.

Tschentscher’s calendar gives clear indications of the conversation between the two. The meeting should be registered under the title “BGM I HSH and 17.16.2016”. The first part stands for the First Mayor and HSH Nordbank. The second part is the date on which the Hamburg tax authorities decided not to claim the 47 million euros wrongly received.

“The quoted calendar entry shows no connection to the area of ​​responsibility of the Federal Chancellery according to the local reading,” the Federal Press Office commented on “Spiegel” request. It goes on to say that one only comments on events relating to his time as chancellor. The federal government does not provide any information about Scholz’s appointments as the governing mayor at the time.

His transmitted calendar has only been valid since he took office as Chancellor on December 8, 2021. However, Scholz is said to have had his electronic calendar transferred from Hamburg to Berlin when he became Finance Minister in 2018, according to the report.

Tschentscher’s spokesman says that the calendar entry is “misinformation”. The meeting took place between 11 a.m. and 12.30 p.m., not between 9 a.m. and 10.30 a.m. In addition, the entry in Tschentscher’s calendar is only “BGM I HSHS”. The Warburg issue was not discussed. The calendar entry does not contain a “reference to the date November 17, 2016 or to the Warburg Bank”. The Cologne public prosecutor is investigating further.

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