Home 
News International UBS client files complaint, German prosecutor says
News International UBS client files complaint, German prosecutor says
| UBS client files complaint, German prosecutor says |
 |
 |
| Thursday, 11 February 2010 |
|
Joseph Heaven Bloomberg  A German UBS AG client has filed a criminal complaint against the bank, a spokeswoman for Frankfurt prosecutors said today.Doris Moeller-Scheu, the spokeswoman, said prosecutors received the complaint. She declined to comment further. UBS said it hasn’t received a complaint yet and has “launched an internal investigation about the case which relates to investment losses, tax questions and domicile,” Tatiana Togni, a Zurich-based spokeswoman for the lender, said in an e-mailed statement today. “Should these accusations be proven true, the new leadership of UBS will take appropriate measures,” Togni said. The client, identified as P.S., filed a 30-page complaint against the Zurich-based bank’s UBS Deutschland AG unit for helping the customer evade taxes, Handelszeitung reported today. P.S. gave documents revealing a foundation in Singapore and a fake address in Zurich that an adviser at the bank helped set up, costing Germany 40 million euros ($55 million) in lost tax, the Zurich-based newspaper said, citing the deposition made to the prosecutors in Frankfurt. http://www.bloomberg.com/apps/news?pid=20601100&sid=aJ8oU9_WVf2Y Share this article:
|
Act Now
|
| ||||
SDP Publictaions
Support SDP , buy our 30th Anniversary Magazine here
| |||
Danny the Democracy Bear
| |||
Singapore Democrats on Facebook
Awesome Words
“Our country is not the only thing to which we owe our allegiance. It is also owed to justice and to humanity. Patriotism consists not in waving the flag, but in striving that our country shall be righteous as well as strong.”
Login
News feeds
