Published: 19 Nov 2012 19:12 GMT+01:00 | Print version
Updated: 19 Nov 2012 19:12 GMT+01:00
French authorities have charged a former managing director of the French arm of Swiss bank UBS in connection with a probe into alleged tax evasion, a judicial source told AFP on Monday.
Patrick de Fayet is the third person charged in the affair.
He was managing director of the bank's French operations between 2008 and 2009.
The others charged include the former head of a UBS office in the northern city of Lille, as well as a current manager at a French affiliate of the bank.
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 $780 million fine 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.
A ruling from Switzerland’s top court made public on Wednesday threw thousands of Alpine holiday home development projects into disarray. READ () »
Swiss researchers say they have taken a step closer to unlocking the mystery of ageing after discovering the impact of a longevity gene in mice and then managing to extend the life-span of worms by 60 percent thanks to a basic antibiotic treatment. READ () »
Puerto Rican banker Richard Carrion added his name on Wednesday to the list of candidates vying to take over as head of the Olympic movement. READ () »
Swiss banks holding US citizens' funds that are not declared to American tax authorities face massive fines under a deal between Switzerland and Washington, a newspaper reported on Wednesday. READ () »
Swiss-based global food giant Nestle says its has expanded its research and development operations in Singapore, amid robust Asian market growth. READ () »
Finding a place to rent in Switzerland is hard enough. Adhering to the thicket of tenant rules governing everything from running baths to pet ownership can be even tougher, although misconceptions linger over when toilets can be flushed. READ () »
The website of the French embassy in Switzerland removed a link that allowed users to open a Swiss bank account online after the government in Paris came under fire from an opposition critic. READ () »
Swiss discount supermarket chain Denner can resume selling its brand of Nespresso-compatible coffee capsules across Switzerland following a ruling by a trade tribunal in the canton of Saint Gallen. READ () »
Jakob Kellenberger, former Swiss diplomat and ex-president of the International Committee of the Red Cross, is taking over as head of Swisspeace, the Bern-based research institute. READ () »
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 () »
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
More news from Sweden at thelocal.se
More news from Germany at thelocal.de
More news from France at thelocal.fr
More news from Norway at thelocal.no
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.