Deutsche Bank offices raided over greenwashing allegations
The Frankfurt offices of Deutsche Bank AG DB, +0.54% and its asset-management subsidiary DWS Group DWS, -2.88% were searched by authorities on Tuesday 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 Tuesday morning, a spokeswoman for Frankfurt prosecutor’s office said.Deutsche Bank confirmed the searches. “The measures of the public prosecutors are directed against unknown people in connection with greenwashing allegations against DWS,” a spokesman for the German lender said.A DWS spokesperson said: “We have continuously cooperated fully with all relevant regulators and authorities on this matter and will continue to do so.”
Deutsche Bank was last searched by German authorities in late April, which the lender said was related to activity reports it filed to an anti-money-laundering agency. Write to Matthias Goldschmidt at [email protected] and Ed Frankl at [email protected]
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qatar's Commercial Bank keen to issue green bonds, CEO saysThe Commercial Bank of Qatar (CBQ) is keen to issue green bonds if it can ensure the money is used for projects that comply fully with green credentials, Chief Executive Officer Joseph Abraham told a conference in Doha on Sunday.
Read more »
Here's the asset investors want if inflation stays high, says Deutsche Bank. And crypto isn't even 'on the radar'Here’s the asset investors want if inflation stays high, says Deutsche Bank. And crypto isn’t even ‘on the radar’
Read more »
Volunteers welcome to build care packages for Uvalde communuty at San Antonio Food Bank next MondayThe San Antonio Food Bank continues its support in Uvalde by inviting volunteers to build care packages and write cards to be sent with their usual food deposit to benefit the community.
Read more »
Tether Has Had Some of Its Reserves at Obscure Bahamas BankTether has held some of its reserves at a tiny Bahamas bank
Read more »
Rainier Valley Food Bank sees surge in demand due to rising food pricesRising prices at the grocery store are not just affecting the families shopping there—it is also impacting local food banks, which are straining under the costs and facing even greater demand for food. FOX13
Read more »