German police raid Deutsche Bank..

FILES-GERMANY-BANKING-INVESTIGATION-CORRUPTION-DEUTSCHEBANK-RAID

The investigation centers on allegations that Germany’s biggest lender helped clients set up offshore companies in tax havens to “transfer money from criminal activities” to Deutsche Bank accounts, the Frankfurt prosecutor’s office said.

Some 170 police officers and investigators from the prosecutor’s office were searching 6 of the bank’s premises in and around the city, it added in a statement.

Deutsche Bank confirmed the raids and said it was “fully cooperating” with the authorities.

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