A lawsuit filed by U.S. Attorney Preet Bharara in Manhattan on Monday has claimed that Deutsche Bank established three shell companies to avoid paying millions of dollars in federal taxes, a report said.
The top federal prosecutor aims to recover 190 million dollars in taxes, penalties and interest, reported the CNN.
Deutsche Bank (DB) allegedly orchestrated the tax evasion scheme in 2000 and thought that it had put the matter behind a long time ago, the report said.
A spokeswoman for the bank said that the IRS "abandoned their theory" that DB was liable for these taxes in 2009.
While asking why the bank was being pursued again, she said that DB plans to defend itself "vigorously" against these claims.
