Deutsche Bank and subsidiary raided over ‘greenwashing’ claims

The headquarters of the Deutsche Bank in Frankfurt (Michael Probst/File/AP)

Authorities in Germany raided the offices of Deutsche Bank and its subsidiary DWS on Tuesday following claims that it was exaggerating the sustainable credentials of some of the products it sold.

German news agency dpa quoted Frankfurt prosecutors saying the probe focused on allegations of investment fraud, but no specific suspects had been identified yet.