Deutsche Post boss Klaus Zumwinkel, who is under investigation for tax evasion, has offered to quit.
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Earlier, Peer Steinbrueck, the German Finance Minister, said the scandal had caused "considerable moral damage".
Mr Zumwinkel was quizzed by police and his home and office were raided on Thursday. He has not yet made a public statement about the allegations.
Prosecutors said he was suspected of not paying 1m euros (Ј750,000; $1.4m) in taxes using banks in Lichtenstein.
John Allan, the British finance director at Deutsche Post, which also owns global delivery firm DHL, was being tipped by some analysts as a likely successor.
Reputation soured
Mr Zumwinkel, 63, is one of Germany's most influential business figures, credited with transforming the postal service into a logistics giant, as well as developing its retail banking arm, Postbank. He has been chief executive of Deutsche Post for 18 years.
He is one of the longest-serving chief executives of a German blue chip company and also heads the supervisory board of Deutsche Telekom.
But he is no stranger to controversy.
He sold about 5m euros worth of shares after the introduction of the minimum wage for postal workers - which he fought for - boosted the company's share price.
(BBC)
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