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Swiss open criminal investigation linked to Spain graft scandal

May 8, 2013 18:03
By Emma Farge GENEVA (Reuters) - Swiss authorities have opened a money laundering investigation into a former treasurer of Spain's ruling party suspected of depositing millions of euros from bribes in Swiss bank accounts, the Geneva prosecutor handling the case said on Monday. Luis Barcenas, accused by Spanish authorities of abusing his position to secure bribes, evading taxes and laundering money, is at the heart of a growing corruption scandal that has hurt the conservative People's Party and Prime Minister Mariano Rajoy.

Swiss order Austrian bank to pay out East German cash

April 11, 2013 12:48
Switzerland's top court on Thursday ordered Bank Austria to pay Germany 254 million euros ($333 million) following a legal battle dating back to the fall of the Berlin Wall two decades ago. The ruling, upholding an earlier verdict by a lower court, concerns the transfer into a Swiss bank of 128 million euros from the communist East Germany after the impoverished country's demise in 1990.

Moscovici handling of Swiss bank account affair questioned

April 11, 2013 07:45
PARIS (Reuters) - The head of the French parliament's finance committee said on Thursday he disagreed with Finance Minister Pierre Moscovici's handling of a former minister's revelations over a secret Swiss bank account and would seek clarifications.

URGENT ¥¥¥ French budget minister steps down over Swiss bank account

March 19, 2013 14:30
French Budget Minister Jerome Cahuzac resigned on Tuesday after prosecutors announced a full investigation into a secret Swiss bank account he allegedly used to hide assets from the tax authorities. The prosecutors' move made Cahuzac's position untenable and deeply embarrassing for the Socialist government as he was the government minister in charge of combating tax avoidance. bur/am/gk

CORRECTED-UPDATE 4-US issues final tax anti-evasion rules, enforcement ahead

January 17, 2013 18:00
(Corrects story to remove paras 18-20 as BlackRock executive comments were made before rules were published) * Foreign pension, mutual funds are spared brunt of rules * US rebuffs companies' push for penalty delay * Norway newest country signing tax pact with U.S. By Patrick Temple-West
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