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Swiss bank UBS charged with tax fraud in France: Judicial source

Published on Jul 24, 2014 12:13 AM

PARIS (AFP) - Swiss bank UBS was charged with tax fraud in Paris on Wednesday after being placed under investigation for allegedly helping rich French clients hide money in Switzerland, a judicial source said.

The ACP, the Bank of France's regulatory arm, had been alerted to the undeclared accounts between 2002 and 2007.