In an internationally coordinated investigation, authorities in five countries searched offices of Swiss banking giant Credit Suisse. Prosecutors are investigating tax evasion by the bank’s clients.Swiss bank Credit Suisse has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about 55,000 suspect accounts triggered raids in five countries. Coordinated raids began on Thursday in the Netherlands, Britain, Germany, France and Australia, the Dutch office for financial crimes prosecution (FIOD) said on Friday. “In the next few weeks, more operations will be carried out,” the Dutch prosecutors announced. Similar operations in Britain, France, Germany and Australia all focused on clients who “deposited their money in the same Swiss bank”, according to FIOD.

Source: Daily News Egypt March 31, 2017 17:48 UTC