German Postal Chief Resigns

UK's Independent reports, Deutsche Post's chief executive, Klaus Zumwinkel (shown here) has been forced to resign amid a "potentially devastating tax evasion scandal in which hundreds of wealthy Germans were suspected of illegally transferring up to 4 billion Euros into secret bank accounts in Leichtenstein."

Reporter Tony Paterson, writes, "Mr Zumwinkel, 64, who had led the partially state-run corporation for 18 years, was obliged to step down after state prosecutors announced that they suspected him of dodging some 1 million Euros in taxes over 20 years."

The German government, which owns 31% of Deutsche Post, said in a statement that it "saluted" Mr Zumwinkel's decision to quit adding, unusually, that it believed that he himself considered the tax fraud allegations to be true.

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