Caner Premises Searched in Broad Raid Over Adler Accounting
- Adler, Caner had been accused of fraud by short seller Perring
- Raid focused on seven suspects with links to the landlord
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Police raided premises of Adler Group SA and real estate tycoon Cevdet Caner in a in a seven-country search aimed at securing evidence for a probe into false accounting, breach of trust and market manipulation at the real estate company.
The action by Frankfurt prosecutors and federal criminal police Wednesday targeted seven individuals including former board members of Adler Real Estate, according to the prosecutors’ office. The raids involve 175 officers at 21 buildings, including a law firm, in Berlin and the German state of North Rhine-Westphalia, as well as in Austria, the Netherlands, Portugal, Monaco, Luxembourg and the UK.