French unit of UBS Group AG under formal investigation now

After when a former employee filed compliant against UBS Bank, the French unit of the group is under formal investigation now. French prosecutors are probing whether UBS France, which faces preliminary charges for its alleged complicity in tax fraud, tried to silence Nicolas Forissier, the bank's internal auditor between 2001 and 2009, after he alerted his management and French authorities about the bank's alleged practices. "The [...]

2016-10-12T23:45:43+00:00 March 4th, 2016|Categories: International|Tags: , |0 Comments