German prosecutors and tax authorities have launched a raid on Deutsche Bank's headquarters in Frankfurt, marking the latest escalation in regulatory scrutiny of the lender.
Investigators from the public prosecutor's office and the tax investigation unit began searching the premises early Tuesday morning.
The operation targets the bank's executive leadership, signaling a deepening probe into historical financial practices.
The search is focused on suspicions of tax evasion linked to Cum-Cum transactions, according to reports from Welt and Business Insider.
These complex dividend arbitrage schemes have long been a subject of legal and regulatory debate in Europe, with authorities in several countries investigating potential tax avoidance by major financial institutions.
The involvement of the tax investigation unit suggests that the probe may extend beyond standard corporate compliance issues into specific allegations of fiscal misconduct.