Published: 08 Nov 2012 20:46 GMT+01:00 | Print version
Updated: 08 Nov 2012 20:46 GMT+01:00
Authorities in south-western Germany are investigating the German branch of Swiss banking giant UBS over suspicion of aiding tax evasion.
"We are investigating officials of the bank whose names are still not known, and customers," Peter Lintz, the public prosecutor in the city of Mannheim, said on Thursday.
"It concerns the suspicion of aiding tax evasion," Lintz said.
"Staff of the bank are suspected of having helped customers take money from Germany to Switzerland," he said, confirming a report in the Stuttgarter Nachrichten newspaper.
During a search of the Frankfurt premises of the bank in May, evidence, primarily electronic data, was seized and is currently being examined, he said.
UBS chief Axel Weber said in a German press interview in August that his bank had "zero tolerance" for tax fraud.
Germany and Switzerland have drawn up a tax deal aimed at ending spats over alleged tax evasion but the treaty is currently facing opposition by some lawmakers in the German upper house of parliament.
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 () »
More than a third of Geneva’s active working population lives outside the canton, with the majority residing in neighbouring France and the rest largely in the canton of Vaud, according to a report issued on Thursday. READ () »
International Cycling Union (UCI) president Pat McQuaid can count on the support of the Swiss federation in his bid for re-election, the sport's global governing body said on Thursday. READ () »
Switzerland headed to the world ice hockey championship semifinals after a 2-1 win over the Czech Republic on Thursday in Stockholm. READ () »
The chairman of newborn mining and commodities giant Glencore Xstrata, John Bond, was on Thursday axed by its annual general meeting in Zug, just weeks after the Swiss-based group was created via a merger of two key players. READ () »
United Nations chief Ban Ki-moon has nominated former Kenyan minister and member of parliament Mukhisa Kituyi to lead the UN's Geneva-based trade and development body when the current chief steps down at the end of August. READ () »