Business Standard

Investigators search Deutsche Bank offices on money laundering allegations

Image

Reuters FRANKFURT

FRANKFURT (Reuters) - Roughly 170 criminal police officers, prosecutors and tax inspectors on Thursday searched six Deutsche Bank offices in and around Frankfurt on money laundering allegations, the public prosecutor said in a statement.

The investigations are directed against two Deutsche Bank staff members who are alleged to have helped clients set up off-shore firms to launder money gained from criminal deeds, the prosecutor said.

Deutsche Bank was not immediately available for comment.

Its shares lost 3 percent at 0923 GMT.

(Reporting by Arno Schuetze; Editing by Ludwig Burger)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 29 2018 | 3:10 PM IST

Explore News