Germany: Credit Suisse to pay $206.4 million bribe as punishment for serving clients

posted by
September 19, 2011
Posted in News

"Credit Suisse has agreed to pay euro150 million ($206.4 million) to prevent its staff from being prosecuted in a German tax evasion case, the Swiss bank said Monday. German authorities had accused Credit Suisse employees of helping Germany-based clients avoid paying taxes by opening secret accounts for them abroad. The bank said it will pay the sum to settle the dispute." (09/19/11)  

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