Five-nation tax evasion investigation takes Credit Suisse by surprise
Probe could jeopardise CEO Thiam's efforts to focus bank on wealth management
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Zurich
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 United Kingdom and potentially involves thousands of account holders.
Two people were arrested by Dutch authorities, who also seized a gold bar, paintings and jewellery and are still probing dozens more suspected of concealing millions of euros in Swiss accounts, the Netherlands' Fiscal Information and Investigation Service said on Friday. Criminal investigations are also underway in France, Germany, the UK and Australia, and the roles of bank employees are part of the inquiries.
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