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German tax investigators give an update on the Liechtenstein scandal - je 26.02.2008

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Daniel EstedabadyFebruary 26, 2008

German tax investigators say they've uncovered at least two hundred million euros in undeclared funds stashed in secret bank accounts in Liechtenstein. In a brief press conference in the western German city of Bochum, they said their investigations focused on more than a hundred individuals. They also said that employees of at least three banks were under investigation on suspicion of having helped citizens bypass the tax man.