France probing UBS over tax evasion

UBS (NYSE:UBS) is being investigated in France and faces accusations of money laundering and tax fraud for helping French clients hide funds from the national tax administration from 2004 to 2012.

The bank faced similar allegations from the U.S. Justice Department in 2009.

French authorities have ordered UBS to post bail of €1.1B ($1.5B).

From other sites
Comments (1)
    , contributor
    Comments (1239) | Send Message
    Bail, that is a clever French move. To have real money to put on line upfront may well shorten the process . Should become exemplary
    24 Jul 2014, 07:26 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs