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Swiss bank UBS to be tried in France over tax fraud

Swiss bank UBS to be tried in France over tax fraud

Monday, March 20, 2017, 5:47 PM

Swiss banking giant UBS will go on trial in France for establishing a wide-ranging tax fraud scheme. UBS will be charged with illegal banking practices and dissimulating tax fraud, the sources said, adding UBS’s French subsidiary will also go on trial for complicity. Five UBS top managers are also facing trial, including Raoul Weil, the former third-in-command at UBS.
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