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Securities and exchange commission (sec) announced on monday that it has charged deutsche bank’s investment arm dws, one of the largest asset managers in. In a landmark move, deutsche bank’s investment arm, dws, has been slapped with a €25 million ($27 million) fine by german prosecutors, marking a significant escalation in the global. Federal prosecutors, police, and financial regulators searched the premises of deutsche bank.
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German prosecutors have fined asset manager dws 25 million euros ($27 million) after a lengthy probe found the firm guilty of greenwashing, or making misleading statements. Dws is braced to pay €21mn to regulators as germany’s largest asset manager tries to draw a line under multiple investigations into a greenwashing scandal that has dogged. The firm has agreed to settle an investigation by german.
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The german asset management company dws has been fined 25 million euros ($28.5 million) after prosecutors discovered that it had engaged in greenwashing, a marketing.
