Berlin, Jul 22, 2026 -Germany’s Deutsche Bank said Wednesday that prosecutors had searched its headquarters in Frankfurt, with media reports saying the probe is linked to alleged “cum-cum” tax avoidance.
Cum-cum cases involve investors temporarily transferring ownership of shares to lower tax jurisdictions around dividend day.
“We can confirm that prosecutors are carrying out measures in Deutsche Bank’s offices,” the company said in a statement sent to AFP.
The bank said that the case “has to do with activities of Postbank between 2008 and 2010”.
Deutsche Bank took over Postbank in 2010. It said it was “cooperating fully with the authorities” and was being investigated as a “third party”.
According to reports by Business Insider and Die Welt, the raid is connected to alleged cum-cum cases.
Duesseldorf prosecutors told AFP they were searching premises in Frankfurt in connection with economic and financial crimes.
Prosecutors in 2022 searched Deutsche Bank offices in Frankfurt and Eschborn in relation to so-called cum-ex cases, treated by authorities as a far more aggressive fraud.
Cum-ex cases involve investors rapidly trading shares and creating confusion about who owns them around dividend day, allowing multiple people to claim rebates on taxes that were paid only once.
In April at least 15 people had their homes or premises searched over suspected cum-ex fraud in Germany and the Netherlands.
The scam has seen dozens of people indicted in Germany, including bankers, stock traders, lawyers and financial consultants.
Tax lawyer Hanno Berger is currently serving ten years, the longest sentence handed down in the affair to date.
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