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Police spend second day searching Deutsche Bank
Link to tweet
FRANKFURT (Reuters) - Police searched Deutsche Bank's (DBKGn.DE) headquarters in Frankfurt for a second day on Friday over money laundering allegations linked to the Panama Papers and shares in the company fell to a record low.
The large volume of material being examined meant a search started on Thursday was still going on, a spokeswoman for the Frankfurt prosecutor's office said, adding that offices of board members were included but without giving further details.
Investigators are looking into the activities of two unnamed Deutsche Bank employees alleged to have helped clients set up offshore firms to launder money, the prosecutor's office has said. The inquiries focus on events from 2013 to this year.
...
The prosecutor said on Thursday the investigation had been triggered after investigators reviewed information in the Panama Papers, consisting of millions of documents from Panamanian law firm Mossack Fonseca leaked to the media in April 2016.
The large volume of material being examined meant a search started on Thursday was still going on, a spokeswoman for the Frankfurt prosecutor's office said, adding that offices of board members were included but without giving further details.
Investigators are looking into the activities of two unnamed Deutsche Bank employees alleged to have helped clients set up offshore firms to launder money, the prosecutor's office has said. The inquiries focus on events from 2013 to this year.
...
The prosecutor said on Thursday the investigation had been triggered after investigators reviewed information in the Panama Papers, consisting of millions of documents from Panamanian law firm Mossack Fonseca leaked to the media in April 2016.
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