FBI 'to probe Swiss bank UBS' in tax dodging case

0 Comments | AFP, June, 2008

GENEVA (AFP) — The US Federal Bureau of Investigation has made a formal request to travel to Switzerland to probe a multi-million-dollar tax evasion case involving top Swiss bank UBS, a news report said Sunday.

The move follows the confession of former UBS banker Bradley Birkenfeld to a Florida court last week that he conspired to help wealthy American clients dodge millions of dollars in taxes.

Swiss officials from the justice and finance ministries have already travelled to Washington for talks with their US counterparts amid fears the case could damage the overall reputation of Switzerland's financial sector.

"In the context of legal cooperation, it is possible that foreign authorities can be present during investigations," justice ministry spokesman...

Premium Content Partnership | MyWire provides an in-depth online archive library of reference works. MyWire
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)