Deutsche Bank AG's Frankfurt headquarters were searched by police and five employees arrested as part of a tax-fraud probe linked to the sale of carbon-emission certificates.

Prosecutors are probing 25 bank employees, Guenter Wittig, a spokesman for the Frankfurt General Prosecutor, said in an e-mailed statement today. Five of the staff were arrested over obstruction of justice and money laundering allegations, he said. He didn't identify any suspects.

"There's suspicion the bank employees withheld evidence from the authorities and failed to report potential money laundering," Wittig said. The bank was previously raided in 2010 as part of the case.

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