Deutsche Bank’s headquarters are being raided by police as part of a Panama Papers probe

Six Deutsche Bank branches were searched Thursday in an alleged money laundering probe linked to the 2016 Panama Papers data leak. The company’s shares dropped.

In total, 170 prosecutors, policemen and tax inspectors took part in the raid, according to a statement from the Frankfurt prosecutor’s office. Two bank employees, aged 50 and 46, were targeted as suspects in the case, according to the statement. Deutsche Bank shares fell as much as 3% on the news and are down 2.6% as of 11.20 a.m in Frankfurt (5.20 a.m EST).

According to prosecutors, Deutsche Bank is suspected of aiding some 900 customers in setting up offshore companies in tax havens. It’s alleged some €311 million ($354 million) is believed to have been laundered, citing information from the so-called “Panama Papers.”

“We confirm that the police are currently conducting an

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