German prosecutors have raided premises linked to Maple Bank in connection with tax evasion and money laundering investigation.

Nearly 300 investigators searched 30 premises in several German states on 23 September 2015, the prosecutors confirmed.

The probe focused on 11 individuals who illegally claimed over EUR100m in tax paid by using false statements.

Though prosecutors did not reveal the identity of the bank involved, but Maple Bank – which is German unit of Canada’s Maple Financial Group- confirmed the raids.

Maple Bank in a statement said: "Maple Bank has thoroughly supported the search operations and has assured the investigating authorities of its further cooperation."

"The bank does not comment in principle on questions of tax law and ongoing procedures," it added.

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