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The Frankfurt prosecutors’ office said 25 employees of the bank are suspected of serious tax evasion, money laundering and attempted obstruction of justice. Arrest warrants have been issued against five, but those do not include Mr. Fitschen and Mr. Krause, a prosecutor’s spokesman said.

Deutsche Bank said the investigation began in spring 2010 and focuses on “a limited number of individuals” under suspicion of fraud connected with value-added tax in the trading of carbon emission certificates.

From wire dispatches and staff reports