NZ banker Paul Robert Mora accused of massive fraud sought by Interpol

Interpol wants to find Paul Robert Mora.
Interpol wants to find Paul Robert Mora. Photo credit: Interpol

A New Zealander who used to work for a "major bank" is wanted by Interpol, suspected of a sophisticated fraud scheme involving tens of millions of dollars. 

A red notice has been issued for Paul Robert Mora, 53, who allegedly facilitated and concealed "fraudulent transactions for an investor during his time as the head of division at a major bank between 2006 and 2008".

A red notice is "a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action". It was requested by authorities in Germany.

Mora is accused of running a "sophisticated tax fraud scheme, known as 'cum-ex', [involving] financial institutions helping a buying party claim withholding tax credits on shares which had, in fact, never been withheld".

The fraudulent trades were worth more than NZ$188 million, Interpol says.

Mora has "many contacts abroad, including in New Zealand, Great Britain, Switzerland, Australia and Spain", prosecutors told the Associated Press (AP).

He and others accused of involvement in cum-ex schemes across Europe are due to stand trial in March, AP reports. Two British bankers last year received suspended sentences after agreeing to provide information on the fraudulent schemes.

Interpol says anyone with information on Mora's whereabouts should contact them or the German federal police, known as the Bundeskriminalamt.