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Deutsche Bank Raided in Tax-Fraud Probe

Police arrest five employees at banks Frankfurt headquarters.

By Karin Matussek and Annette Weisbach, Bloomberg | Updated on December 12, 2012

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.

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