×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | France | UBS | Tax Fraud

Swiss Bank UBS Ordered to Stand Tax-fraud Trial in France

Monday, 20 March 2017 03:38 PM

PARIS (AP) — Swiss bank UBS AG has been ordered to stand trial in France for allegedly helping wealthy French clients evade the country's tax authorities after it rejected as too pricey an out-of-court settlement offer from prosecutors.

A French judicial official said Monday that investigating judges found the charges against the Zurich-based bank serious and strong enough to send the case to trial at a later date.

UBS AG said in a statement it disagrees with "the allegations, assumptions and legal interpretations being made" and that it will continue to "strongly defend ourselves."

The official said UBS AG is set to appear in a French criminal court under charges of illegal bank soliciting and aggravated money laundering. The official spoke on condition of anonymity because they weren't authorized to publicly discuss the decision.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Swiss bank UBS AG has been ordered to stand trial in France for allegedly helping wealthy French clients evade the country's tax authorities after it rejected as too pricey an out-of-court settlement offer from prosecutors.A French judicial official said Monday that...
EU,France,UBS,Tax Fraud
133
2017-38-20
Monday, 20 March 2017 03:38 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved