Billionaire sues one of Germany’s oldest banks

A British billionaire is suing one of Germany’s oldest banks in the High Court after accusing it of hiding their role in an illegal £300 million Ponzi scheme. Naser Taher’s MultiBank Group is appealing a decision in the British Virgin Islands over a case brought against former joint venture partner, German-based Von der Heydt Group accusing it of concealing illegal transactions. MultiBank Group is a leading financial institution and turned in record profits in 2020 of over $139m on an…