Credit Suisse Taken by Surprise in Five-Nation Tax Probe
- London, Amsterdam, Paris offices were visited by authorities
- France, Germany, UK and Australia join criminal investigation
Credit Suisse in Five-Nation Tax Probe
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Credit Suisse Group AG and its home country of Switzerland were surprised by a tax evasion and money laundering investigation that spans five countries from Australia to the U.K. and potentially involves thousands of account holders.
Two people were arrested by Dutch authorities, who also seized a gold bar, paintings and jewelry and are still probing dozens more suspected of concealing millions of euros in Swiss accounts, the Netherlands’ Fiscal Information and Investigation Service said Friday. Criminal investigations are also underway in France, Germany, the U.K. and Australia, and the roles of bank employees are part of the inquiries.