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Deutsche Bank, DWS Raided Over Allegations of Greenwashing

  • Frankfurt offices searched by police, watchdog BaFin
  • Raid adds to pressure on DWS Chief Executive Asoka Woehrmann
Bloomberg business news
Deutsche Bank’s DWS Unit Raided Amid Greenwashing Allegations
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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.