Deutsche Bank's (DB) headquarters in Frankfurt and a branch office in Berlin were raided by German federal police as part of a money laundering investigation, news outlets reported Wednesday.

Der Spiegel said 30 plainclothes investigators raided the bank's main offices mid-morning on Wednesday.

The raid was part of an investigation into "previously unknown managers and employees of Deutsche Bank," Der Spiegel reported, citing the public prosecutor's office in Frankfurt.

According to Spiegel, the bank allegedly maintained business relationships with foreign companies "for the purpose of money laundering."

Der Spiegel said the case is connected to companies linked to Russian oligarch Roman Abramovich, who has been blacklisted by the European Union since 2022.

Deutsche Bank and the German federal police office did not immediately reply to MT Newswires' request for comment.