Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

What's Putin's Plan? Kiev Accuses Russia of Terrorism (part 2)

Read more

AFRICA NEWS

Rwandan singer amongst terror plot suspects

Read more

DEBATE

What's Putin's Plan? Kiev Accuses Russia of Terrorism

Read more

FOCUS

Campaigning against Bouteflika's re-election... in France

Read more

WEB NEWS

Chile: Online mobilization to help Valparaiso fire victims

Read more

ENCORE!

Art, sex, money, memory and manga

Read more

MIDDLE EAST MATTERS

Spat over Iran's UN ambassador hampers thawing relations with US

Read more

FOCUS

China trade deal: Is Taiwan's identity under threat?

Read more

IN THE PAPERS

'Call it a caretaker government'

Read more

  • Algeria heads to the polls: ‘This election has nothing to do with us’

    Read more

  • Frantic search for survivors of sunken South Korea ferry

    Read more

  • Pro-Russian separatists killed during attack on Black Sea base

    Read more

  • India heads to polls in single-biggest day of voting

    Read more

  • Man executed in Texas for 2002 triple murder

    Read more

  • Scandal-hit French doctor Jacques Servier dies at 92

    Read more

  • Belgian head of wildlife reserve shot in DR Congo

    Read more

  • Crunch talks on Ukraine in Geneva

    Read more

  • Stagehand of God? Maradona's legendary goal inspires a play

    Read more

  • US rolls out red carpet for French critic of capitalism

    Read more

  • N. Korea not amused by London hair salon's Kim Jong-un ad

    Read more

  • Real Madrid beat old foes Barcelona to lift Copa del Rey

    Read more

  • France's new PM targets welfare in drive to cut spending

    Read more

  • Campaigning against Bouteflika's re-election... in France

    Read more

  • Brazil club Mineiro cancel Anelka signing after no-show

    Read more

  • Syria 'torture' photos silence UN Security Council members

    Read more

  • Paris laboratory loses deadly SARS virus samples

    Read more

  • More than 100 schoolgirls kidnapped in northeast Nigeria

    Read more

  • New York police disband unit targeting Muslims

    Read more

  • 'Miracle girl' healthy after seven-organ transplant in Paris

    Read more

  • Paris police memo calling for Roma eviction ‘rectified’

    Read more

  • Burgundy digs into France's bureaucratic 'mille-feuille'

    Read more

  • French court drops ‘hate speech’ case against Bob Dylan

    Read more

  • Algeria rights crackdown slammed ahead of election

    Read more

Business

Authorities raid French offices of UBS in tax probe

©

Latest update : 2012-09-19

French authorities raided the Paris headquarters of Swiss bank UBS as well as its offices in Strasbourg, Bordeaux and Lyon on Wednesday as part of a probe launched last year into suspicions of tax evasion.

French authorities on Wednesday raided the 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 $708 million (544.6 million euros) 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.

(AFP)
 

Date created : 2012-09-19

  • BANKING

    UBS chief resigns over rogue trading

    Read more

  • SWITZERLAND

    Court charges UBS trader with fraud

    Read more

  • SWITZERLAND

    Parliament rejects UBS account list deal with US

    Read more

Comments

COMMENT(S)