A spokesperson for the office of Frankfurt's prosecutor said the firms were raided on suspicion of investment fraud

The Frankfurt offices of Deutsche Bank AG and its asset management subsidiary DWS Group were searched by authorities on 31 May over allegations of greenwashing at DWS.

Around 50 agents of the city's public prosecutor's office, alongside German market regulator Bafin and the Federal Criminal Police Office had been deployed on the morning of 31 May, a spokeswoman for Frankfurt prosecutor's office said.

Frankfurt offices of DWS and Deutsche Bank raided over greenwashing allegations

A spokesperson for the office of Frankfurt’s prosecutor said the firms were raided on suspicion of investment fraud

Matthias Goldschmidt 

Ed Frankl

Deutsche Bank

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