German police raid Deutsche Bank HQ in money laundering probe

  29 November 2018    Read: 1209
German police raid Deutsche Bank HQ in money laundering probe

German police raided Deutsche Bank headquarters in Frankfurt am Main on Thursday as part of an ongoing money laundering probe.

Germany's public prosecutor alleged that two staff members have helped clients launder money from criminal activities.

Police cars were seen outside the tower blocks that house the headquarters of Germany's biggest bank.

Other Deutsche offices in the city were searched in an operation involving about 170 police and officials.

Deutsche Bank didn't immediately respond to a request for comment.

Its shares dropped on the news and were down 3 percent in morning trading.


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