German prosecutors search Deutsche Bank offices in tax evasion probe

German prosecutors have searched the offices of Deutsche Bank AG, the country’s biggest bank, as part of a tax evasion probe. Some 500 police officers swooped in on offices and other properities in Frankfurt, Berlin and Duesseldorf on Wednesday. The Frankfurt prosecutors’ office said 25 employees of the bank are suspected of tax evasion, money laundering and attempted obstruction of justice. Arrest warrants have reportedly been issued against five of the bank’s employees. Deutsche Bank said the raid was linked to an ongoing investigation of its carbon emissions trading business. The bank also said it was cooperating with authorities in the probe.

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