Deutsche Bank offices raided

Police raided six Deutsche Bank offices in and around Frankfurt last week over money-laundering allegations linked to the Panama Papers, the public prosecutor’s office said. Investigators are looking into the activities of two unnamed Deutsche Bank employees alleged to have helped clients set up offshore firms to launder money.

“Of course we will co-operate closely with the public prosecutor’s office in Frankfurt, as it is in our interest as well to clarify the facts,” Deutsche Bank said.

INVESTIGATION Deutsche Bank has been trying to repair its tattered reputation after three years of losses and scandals. Now it is facing new money-laundering allegations linked to the Panama Papers