US EditionPublished • loading... • Updated
Deutsche Bank offices searched in money laundering probe
- On Wednesday, enforcement officials searched Deutsche Bank AG offices in Frankfurt, Germany and Berlin, Germany; the Frankfurt public prosecutor's office was on site, and the bank is co-operating.
- The probe targets past dealings with Roman Abramovich, focusing on transactions from 2013–2018 first reported by Süddeutsche Zeitung.
- The Federal Criminal Police Office is conducting searches at Deutsche Bank premises, while the public prosecutor's office told Der Spiegel it is investigating previously unknown managers and employees.
- Shares fell over 2% after Deutsche Bank shares traded 2.7% lower as of 2:55 p.m., marking a setback for Chief Executive Officer Christian Sewing.
- Abramovich is best known for building his fortune in Russia's metals and energy sectors and buying Chelsea, while the European Union said he enjoys `privileged access` to Vladimir Putin.
Insights by Ground AI
62 Articles
62 Articles
The German authorities registered Deutsche Bank's headquarters in Frankfurt on Wednesday and the offices of the financial institution in Berlin on suspicion of money laundering and other charges related to the Money Laundering Act, according to the Frankfurt Public Prosecutor's Office.
·Spain
Read Full Article
Coverage Details
Total News Sources62
Leaning Left9Leaning Right16Center15Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 23%
C 37%
R 40%
Factuality
To view factuality data please Upgrade to Premium
