There is a lot of »Liechtenstein« in the media these days, because Klaus Zumwinkel, CEO of Deutsche Post, brought millions of Euros to »LGT«, the bank of the sovereign family of Liechtenstein. All this wouldn’t be a problem would Zumwinkel, who was boss of the German post for 18 years, would have paid taxes for those millions. Zumwinkel was arrested on Thursday morning in his house in Cologne and set free later in the day by paying a bail. On Friday Deutsche Post announced that Zumwinkel steps down as CEO and also as member of the advisory board of Deutsche Telekom and Postbank.

In a James-Bond-like manner the German secret service bought thousands of files from an whistle-blower for around 5 million Euros. Those data carry information about customers of two Liechtenstein banks that illegally Continue Reading »