Friday , June 18 2021

Demand for UBS Swiss fined $ 4.2 billion – Egypt now

France: UBS fined $ 4.2 billion The French prosecutor has fined the Swiss bank UBS for 3,700 million euros (4.2 million dollars) for its role in a large tax evasion.
"Tax evasion, deliberate robbery of the company," while the Swiss bank is in court, was followed by the French accusations of involvement in the laundering of money linked to tax evasion by several clients, said Attorney General Eric Russo.
The Swiss bank's trial began in France on Monday.
The bank faces accusations of helping a series of wealthy French hide 10,000 million euros from French taxes.
Meanwhile, the bank said before the trial that it would defend against these unfounded accusations.

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