Credit Suisse, the second Swiss bank, has agreed to pay 238 million euros in France to avoid criminal prosecution for illegal canvassing of customers in France and aggravated laundering of tax fraud between 2005 and 2012, according to an agreement validated Monday 24 October by the President of the Paris Court.
By agreeing to sign this legal agreement in the public interest (CJIP) concluded with the National Financial Prosecutor's Office (PNF), Credit Suisse AG thus avoids a lawsuit in France and settles its dispute both with the tax authorities, to which it will pay 115 million euros in damages, only with the public prosecutor, paying a fine of 123 million euros.
>> To read also, our web documentary: "The American system of Credit Suisse"
With AFP
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