The current investigation into Deutsche Bank, Germany's biggest bank, over suspected tax evasion has widened to include members of its management board.
The bank issued a statement on Wednesday following a police raid on its head office in Frankfurt saying prosecutors were also investigating Jürgen Fitschen, who became co-CEO this year, and Stefan Krause, the chief financial officer.
"Two of Deutsche Bank's management board members, Jürgen Fitschen and Stefan Krause, are involved in the investigations as they signed the value-added tax statement for 2009," Deutsche Bank said in a statement.
The bank added that it had voluntarily corrected the tax statement a long time ago and disagreed with the prosecutors' assessment that the amendment had come too late.
"Public prosecutors searched Deutsche Bank offices today in connection with investigations that have been underway since the spring of 2010 against individuals suspected of tax evasion in the trading of CO2 emission certificates," Deutsche Bank said in the statement, adding that it was cooperating fully with the authorities.
In 2009, Fitschen was in charge of Deutsche Bank's operations in Germany. Krause was CFO, a position he continues to hold.
