France demands Swiss bank UBS face fraud trial
28 Jun 2016

The prosecution requested that UBS face trial for “aggravated laundering of tax fraud proceeds” while its French branch be judged for complicity in these crimes.

It also requested a trial against Raoul Weil, the former head of the bank’s global wealth management business, who was charged with tax evasion and illegally canvassing French customers last year, and three other top-level employees.

Investigative judges will now rule on whether the trial will go ahead.

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