Crédit Suisse Ag again in the eye of the storm. But this time the problems don't come from the United States, but from our home. The Milan prosecutor's office has placed the Swiss bank under investigation for the law on the administrative liability of entities in the context of the investigation opened a year ago into the alleged tax fraud carried out through false insurance policies.
According to the investigators, the Swiss institute may have helped 13-14 thousand Italian customers to take their money abroad in order to evade taxes. In the event that the checks currently underway by the Guardia di Finanza are confirmed, it would be a fraud greater than that carried out in the USA, where 22 thousand taxpayers had hidden about 10 billion euros from the eye of the tax authorities.
The investigation alleged the crimes of tax fraud, obstacle to supervisory activities, money laundering and financial abuse. Credit Suisse Ag, on the other hand, is being investigated under the law on the administrative liability of entities, 231 of 2001 on the basis of a series of documents seized in the bank's Milan office. Investigators claim that false insurance policies were promoted, never included in the official accounts of Crédit Suisse Life & Pension (Cslp).
