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Panama Papers: Deutsche Bank offices raided over money laundering suspicion

Some 170 police officers and investigators from the Frankfurt prosecutors' office were searching six of the bank's premises in and around the city

AFP | PTI  |  Frankfurt 

Deutsche Bank Photo: Reuters
Deutsche Bank Photo: Reuters

German prosecutors raided several offices in the area Thursday over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak.

The investigation centres on allegations that Germany's biggest lender helped clients set up off-shore companies in tax havens to "transfer money from criminal activities", the prosecutor's office said in a statement.

Some 170 police officers and investigators from the prosecutors' office were searching six of the bank's premises in and around the city, it added.

First Published: Thu, November 29 2018. 15:25 IST
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