Deutsche Bank, DWS Raided Over Allegations of Greenwashing (3)

Deutsche Bank AG and its asset management unit had their Frankfurt offices raided by police, adding to the legal headaches facing Germany’s largest lender.

Law enforcement officials on Tuesday morning entered the twin towers where Germany’s largest lender is headquartered, as well as the nearby premises of DWS Group, according to a statement from the prosecutor that confirmed an earlier Bloomberg report. The search is related to accusations of greenwashing against the asset manager.

Police arrive at the DWS offices in Frankfurt on May 31.

Photographer: Alex Kraus/Bloomberg

“We have continuously cooperated fully with all relevant regulators and authorities on this matter and will continue to do so,” said a spokesman for ...