German tax authorities have according to information furnished by the southern German daily S?ddeutsche Zeitung initiated tax evasion investigations that relate to the IPO of the chip manufacturing group Infineon in March 2000. Company circles allege that the group's former CEO Ulrich Schumacher reserved for himself via trustees additional shares within the framework of the program "Friends & Family," the newspaper reports. German tax authorities were now investigating whether in this and other cases the payment of taxes might have been evaded, the newspaper writes. Towards the end of last year the company headquarters of Infineon and its former parent company Siemens had been searched, the daily notes.
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