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Credit Suisse subpoenaed in tax-evasion probe: Source

Published on Apr 16, 2014 3:51 AM
 

NEW YORK (AFP) - A New York regulator probing Credit Suisse's role in enabling tax evasion has demanded a trove of additional documents from the bank, a person familiar with the situation said Tuesday.

Benjamin Lawsky, New York's superintendent of financial services, last week subpoenaed Credit Suisse for banker's emails, hard drives, personnel records, travel records, expense records and calendar entries.

The probe is investigating "whether any misrepresentations were made to the department, as well as the potential evasion of New York taxes," the source said.

The probe has also sought records of Roger Schaerer, the former head of Credit Suisse's New York branch.

 
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