German Post CEO in tax raid

February 14, 2008

The investigations involve several people in relation to investments connected to Liechtenstein. Deutsche Post shares initially rose on the news of the investigation into Zumwinkel, who is the longest-serving chief executive of a DAX company and is seen as a pillar of Germany's corporate establishment. Multi-millionaire Zumwinkel is credited with helping transform Deutsche Post from a sleepy state monopoly to a global mail, logistics and finance group. Joanna Partridge reports for Reuters