German Police Raid Deutsche Bank In ‘Panama Papers’ Probe • Channels Television

195

Police vehicles are parked at Deutsche Bank’s headquarters in Frankfurt on November 29, 2018. German prosecutors raided several Deutsche Bank offices in the Frankfurt area on November 29, 2018 over suspicions of money laundering based on revelations from the 2016 “Panama Papers” data leak. Boris Roessler / dpa / AFP

 

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.

Prosecutors said they were investigating 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 raid was a new blow to the financial institution that has been hammered by a string of scandals linked to its pre-2008 crisis attempts to compete with Wall Street investment banking giants.

Some 170 police officers and investigators from the Frankfurt…



Read More…..Channels TV News