Credit Swiss faces tax evasion probe
Credit Swiss is mired in an international tax evasion probe into thousands of suspect bank accounts.
— SVN Magazine (@SVNmagazine) March 31, 2017
A tip off to the Dutch police prompted raids in The Netherlands, Britain,Germany, France and Australia.
The UK’s HM Revenue & Customs confirmed a criminal investigation is underway into suspected tax evasion and money laundering by a global lender.
Hans van der Vlist is from the Dutch Fiscal Information and Investigation Service:“The action was aimed at people with accounts at a Swiss bank. The case involves a huge amount of accounts, 3,800 in The Netherlands and 55,000 globally.”
Authorities have not named the bank at the centre of the probe, but Credit Swiss confirmed that its offices in Amsterdam, London and Paris had been contacted by local authorities over “client tax matters.”
— NL Nieuws (@NieuwsNu123) March 31, 2017
Two arrests have been made and paintings,real estate, luxury cars and jewellery seized.
Global authorities are working in close conjunction in the investigation and say there will be further action in the coming weeks
— RTL Nieuws (@RTLnieuws) March 31, 2017
Credit Swiss says it is cooperating with investigators.