German authorities raid Deutsche Bank over Danske scandal

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German authorities raid Deutsche Bank over Danske scandal
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German authorities have raided Deutsche Bank's Frankfurt headquarters in se...

FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski

Danske Bank is under investigation in several countries, including the United States, Denmark, Britain and Estonia, over suspicious payments totalling 200 billion euros moved through its tiny Estonian branch. Deutsche Bank acted as a correspondent bank for Danske. Deutsche Bank said it was cooperating. “Deutsche Bank has comprehensively examined the facts of the matter and has voluntarily provided the requested documents as far as possible,” the bank said in a statement.

Last year, dozens of police raided six Deutsche Bank offices in and around Frankfurt over money laundering allegations linked to the “Panama Papers”.

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