German authorities have raided Deutsche Bank’s offices in Frankfurt and Berlin as part of an investigation into suspected money laundering, prosecutors said. The Office of the Federal Prosecutor said it is probing “unknown individuals and employees” at Germany’s largest lender, alongside the Federal Criminal Police Office, over past business relationships with foreign companies believed to have been used for illicit financial activities.

Officials declined to provide details on which employees or companies are under investigation, saying no further information could be disclosed about the transactions, their scale, or the entities involved. Deutsche Bank confirmed that searches were conducted at its premises but did not comment further. German media reports suggested potential links to Russian billionaire Roman Abramovich, claims his lawyers strongly denied.

Abramovich’s legal team said he has no connection to the investigation and is neither a suspect nor under scrutiny, adding that the raids relate solely to Deutsche Bank’s alleged failure to meet reporting obligations under Germany’s anti-money laundering rules. The case recalls a 2018 investigation when Deutsche Bank’s Frankfurt headquarters and other offices were searched over suspected assistance in setting up offshore accounts to move funds linked to criminal activity.

Pic courtesy: google/ images are subject to copyright