Swiss bank UBS fined 3.7 bn euros in French tax fraud case

Sun Online Desk

20th February, 2019 06:57:47 printer

Swiss bank UBS fined 3.7 bn euros in French tax fraud case

A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) in a tax fraud case, a record for France, reports AFP.

 

The bank was convicted of illegally helping French clients to hide billions of euros from French tax authorities.


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