- After the scandals that surrounded the Greensel Fund and the Archegos hedge fund, Credit Suisse is now threatened with fresh hardship from the United States.
- According to media reports, the tax row with the United States could flare up again.
Influential members of the US Senate Finance Committee accuse the bank of continuing to assist US citizens with tax evasion even after the 2014 plea and plea agreement, according to the Financial Times. The committee chair, Senator Ron Wyden, has now asked Attorney General Merrick Garland to provide additional information about the 2014 deal. The allegation is that CS has violated the rules of the convention.
According to several former CS employees, the bank has withheld information related to the deal, according to the article. CS is said to have hidden the account of a wealthy client. The client, US-Israeli economics professor Dan Horsky, hid about $ 200 million from US authorities in CS and was later convicted of tax offenses.
CS-Chef Gottstein Briefing
Senator Wyden has also written a direct letter to CEO Thomas Gottstein. Public information and documents issued by the Federal Supreme Court raise the question of whether Credit Suisse has fully complied with the agreement. This includes the bank’s failure to disclose the undeclared assets of more than $ 200 million which it maintains in the offshore accounts of US client Dan Horsky, ”the newspaper quoted Wyden’s letter as saying.
The main Swiss bank reached an agreement in the US tax dispute in May 2014. She pleaded guilty and paid fines totaling $ 2.6 billion.