Published: 19 Sep 2012 14:10 GMT+02:00 | Print version
Updated: 19 Sep 2012 14:10 GMT+02:00
French authorities on Wednesday raided the Paris headquarters of Swiss bank UBS in connection with a probe into alleged tax evasion, a bank spokesman said.
He said "an investigating judge came to the Paris headquarters of UBS France in connection with his probe," confirming information given by a source
close to the affair.
Two people have been charged with money laundering and complicity in illegal soliciting of business following an investigation opened last year into UBS's business practices.
Police have also raided the bank's offices in Strasbourg, Lyon and Bordeaux, detaining several employees.
UBS is suspected of having helped clients hide transfers of funds between France and Switzerland and of allowing its Swiss operations to illegally canvass for clients in France.
UBS paid a fine of €544.6 million ($708 million, 658.5 million francs) to the United States in 2009 to settle a tax fraud case which charged that it helped US citizens open offshore accounts to avoid paying taxes.
Authorities in several European countries are probing suspected tax evasion involving Swiss banks, including in France and in Germany, where fiscal authorities earlier this month raided several clients of bank Credit Suisse living in the country.
Swiss luxury goods giant Richemont said on Tuesday that a top executive had resigned, amid expectations the group that owns Cartier, Piaget and Montblanc will sell off under-performing brands. READ () »
The crash of a Belgian coach that killed 28 passengers, including 22 children, on a ski trip to Switzerland last year was caused either by a malaise to the driver or by his inattention, an official said on Tuesday. READ () »
An elderly woman is dead after an out-of-control car knocked her down on Monday in the centre of Lucerne, where she was walking. READ () »
More than 250 people took part in a march in Lausanne on Monday afternoon to protest against the judicial system in the wake of the death of Marie, a 19-year-old woman killed last Wednesday after being kidnapped. READ () »
In a surprise result, Zurich-based football club Grasshopper beat defending champions FC Basel on penalty kicks on Monday to gain the 19th Swiss Cup victory in its history. READ () »
After going undefeated throughout the world ice hockey championship tournament, Switzerland finally succumbed to home town favorite Sweden in the final, losing 5-1 in Stockholm on Sunday. READ () »
Switzerland will play hosts Sweden in the final of the world ice hockey championships on Sunday after each side registered a 3-0 semi-final victory over the United States and Finland respectively. READ () »
Jewellery worth more than $1 million made by Swiss luxury watchmaker and jeweller Chopard and due to be loaned to stars walking the red carpet at the Cannes film festival were stolen from a hotel, French police said on Friday. READ () »
Chinese Premier Li Keqiang embarks this weekend on his first foreign trip since taking office, with a stop in Switzerland on the itinerary and free trade talks between the two countries close to completion. READ () »
The Salvation Army band carrying Switzerland’s hopes into the Eurovision Song Contest was vanquished on Thursday night in Malmö, Sweden. READ () »
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