Deutsche Bank Offices Searched In Client Securities ProbeMani
Deutsche Bank said its offices in Frankfurt were searched on Tuesday by German prosecutors in connection with a criminal tax-fraud probe.
According to people familiar with the matter, the German prosecutors are focused on a type of dividend-arbitrage strategy known as “cum/ex” which was undertaken using dividend-paying German shares.
Investigators probe serious tax fraud
A Deutsche Bank spokesman, Christian Streckert, said exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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