Deutsche Bank leadership criticised by German politicians
Hassen Premier Volker Bouffier said yesterday that he received a call from Fitschen in which he complained about the raid saying that the massive police operation on Wednesday last week had damaged the reputation of the largest German lender.
"It was very unusual, but we are in a free nation and everybody can make complaints," Bouffier said in a TV interview.
He said he told Fitschen that the state government is not responsible for the raid.
More than 500 police officials and tax inspectors swooped on the bank's headquarters in Frankfurt and its branches and private properties in Berlin and in Duesseldorf as part of a long-running probe into the bank's role in tax fraud and money laundering related to the European Union' s carbon trade scheme.
The state prosecutor's office in Frankfurt announced after the raid that it was extending the investigations to Fitschen and Chief Financial Officer (CFO) Stefan Krause.
Police arrested six employees of the bank and a magistrate later ordered to keep five of them in preventive custody.
Altogether 25 employees of the bank are currently under investigation, according to the prosecutor's office.
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