Panama Papers: German police raid Deutsche Bank in graft probe
German prosecutors raided several Deutsche Bank offices in the Frankfurt 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 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 six 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.
“The case is related to the Panama Papers,” it added.