Bank of Ireland linked to fund involved in massive European tax fraud

BoI subsidiary used by hedge fund now subject to investigations over trades

European tax authorities are at the loss of billions of euro.

European tax authorities are at the loss of billions of euro.

Bank of Ireland’s services were used by a company involved in a network of hedge funds at the centre of financial transactions, dubbed fraud by a German court, that have cost European tax authorities billions of euro.

The Irish bank’s fund administration unit, Bank of Ireland Securities Services (BOISS), was the custodian bank of an investment fund involved in the scheme.

The Irish Times
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