The Potsdam Elite Sports School has produced at least 124 Olympic medal winners since 1953, according to the German Olympic Sports Confederation (DOSB).
Prosecutors allege the 16-year-old boys are suspected of sneaking into the rooms of two 13 and 14-year-old boys one night in September and sexually attacking them. One of the victims claims he was assaulted with a broom handle, although the attackers say they only made such threats.
So far, said Stephan Breiding, a spokesman for Brandenburg's Ministry of Education, there is only evidence of one assault. But allegations of bullying at the school have also recently been made public.
The two suspects have been temporarily excluded from the school while the investigation continues.
Breiding also confirmed reports that although the victims reported the incident to school employees, the allegations were not immediately passed onto the authorities.
“Crisis communication did not work,” Breiding said, adding that this may have consequences for the staff concerned.
A teacher and a trainer who were told of the allegations but did not immediately respond, have been suspended while the investigation is conducted.
Jana Magdowski, who oversees sporting activities for the city said she was deeply shocked and found it “incomprehensible” that the victims may not have received help from the school.