Swiss bank UBS’s German subsidiary is under investigation by
local prosecutors for purportedly abetting tax fraud.
Bank employers allegedly helped investors to hide money pass
revenue departments’ authorities by transferring it to Switzerland, says Peter
Lintz.
Reported the investigation on November 8, 2012, Stuttgarter
Nachrichten said illegal fund transfers reached well into 2012, money was being
moved invisibly via an internal clearing account at UBS’s German branch into
Switzerland. Source not specified by the
paper.
Electronic data and other hundreds of thousands materials
that were confiscated in UBS’s Frankfurt offices that were raided in May are
currently being analyzed by Mannheim prosecutors.
i never knew we could search for something like that it’s interesting and something i might look into when i find some free time!
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