Frankfurt Prosecutors Probe Nine in Dividend-Fraud Case
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Nine people are suspects in investigations into controversial stock trades used to obtain tax benefits on dividends, prosecutors said as they revealed more details about raids at several sites, including Deutsche Bank AG offices.
Authorities searched homes and offices of several companies two days ago, Alexander Badle, a spokesman for Frankfurt’s General Prosecutors Office, said in an e-mailed statement Thursday. He didn’t identify any individuals or companies.