Credit Suisse settles French tax fraud probe for €238 million

Summary by Ground News

Credit Suisse settled a tax fraud and money laundering case in France on Monday with a 238 million euro ($234 million) payment to the state, putting another legal headache behind it as it readies to unveil a strategic overhaul.

Published 3 months ago · Paris, France

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Times of India

Credit Suisse settles French tax probe for 238 mln euros

Credit Suisse Group settled a tax fraud and money laundering case in France on Monday with a 238 million euro ($234 million) payment to the state, putting another legal headache behind it as it readies to unveil a strategic overhaul. The alleged scheme, which prosecutors say took place in several countries between 2005 and 2012, caused a fiscal damage of over 100 million euros to the French state, the prosecution office said.

3 months ago·Mumbai, India

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Reuters

French court approves Credit Suisse 238 mln euro settlement agreement in tax case

PARIS - A French court approved an agreement between Credit Suisse Group and the French financial prosecution office to settle a tax fraud and money laundering case in the country with a 238 million euro ($233.81 million) payment to the state, a judge said on Monday. (Reporting by Tangi Salaun, editing by Silvia Aloisi)

3 months ago·United Kingdom

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Associated Press News

Credit Suisse to pay $234M to settle French tax fraud case

PARIS (AP) — French prosecutors said Monday that Credit Suisse has agreed to pay 238 million euros ($234 million) to settle tax fraud allegations, the latest blow for the embattled

3 months ago·United States

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abc News

Credit Suisse to pay $234M to settle French tax fraud case

French prosecutors say Credit Suisse has agreed to pay 238 million euros to settle tax fraud allegations

3 months ago·United States

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Independent.ie

Credit Suisse to pay £207.5m to settle French tax fraud case

Credit Suisse has agreed to pay 238 million euros (£207.5 million) to settle tax fraud allegations, French prosecutors have said, in the latest blow for the embattled Swiss bank.

3 months ago·Ireland

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KRDO

Credit Suisse to pay $234M to settle French tax fraud case

PARIS (AP) — French prosecutors say Credit Suisse has agreed to pay 238 million euros to settle tax fraud allegations. Prosecutors said Monday that the Swiss bank will pay $234 million in fines, damages and interest to France, whose investigators will close an inquiry launched in 2016 on possible charges of aggravated tax fraud laundering and illegal soliciting. French media have reported that Credit Suisse representatives courted wealthy French…

3 months ago·Colorado Springs, United States

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