New trial in Zurich for lawyer in ‘cum-ex’ scandal

German lawyer Eckart Seith, considered in Germany to be the whistleblower in the cum-ex transaction scandal, is set to appear for trial again in Switzerland on Monday. +Get the most important news from Switzerland in your inbox A day of hearings is scheduled at the Zurich Cantonal Court, but it is not yet known when sentencing will be announced. Seith is charged with economic espionage and violations of the Banking Act for obtaining internal documents from Bank J. Safra Sarasin and passing them on to German investigators. The intertwining of the fight against tax evasion in Germany and the protection of banking secrecy in Switzerland has repeatedly caused friction between the two countries. While Seith is on trial in Switzerland, in Germany he is considered a whistleblower who helped expose the cum-ex scandal. + How the US tax evasion crackdown impacted Swiss banking The Stuttgart-based lawyer is under indictment along with two former Sarasin bank employees for forwarding to German ...