Credit Suisse in the sights of French justice
The National Financial Prosecutor’s Office opened an investigation into the Zurich bank in 2019 regarding French taxpayers.
Credit Suisse in the sights of French justice.
KEYSTONE
The Credit Suisse bank, already in turmoil for other cases, is in the crosshairs of French justice. The National Financial Prosecutor’s Office (PNF), responsible for combating economic crime and in particular tax evasion, is investigating the Zurich establishment, the newspaper “Finanz und Wirtschaft” reported.
According to the newspaper, the PNF opened an investigation into Credit Suisse in 2019 regarding suspicions of tax evasion by French taxpayers. Jean-François Bohnert, who heads the PNF, told “Finanz und Wirtschaft” that “the investigation is still ongoing”, without revealing why French justice is interested in the bank with two veils.
Zero tolerance
This file will fall to Markus Diethelm, new chief legal officer of Credit Suisse. The latter had held the same position with UBS, sentenced in France for aggravated money laundering of tax evasion and illegal bank canvassing for a total of 1.8 billion euros. The bank with the three keys announced last December that it had lodged an appeal in cassation in this case.
In its 2021 annual report, Credit Suisse said it had been contacted in several European countries, including France, by regulators and judicial authorities regarding cross-border private banking activities. The establishment recalled “applying a zero tolerance policy regarding tax evasion”.
Contacted by AWP, a spokesperson for the Zurich banking group declined to comment further.
Posted today at 7:36 p.m.
You found an error?Please let us know.