A former UBS banker has been charged in Switzerland of selling data to the German state of North Rhine-Westphalia which recovered billions by not declaring their wealth in Swiss accounts, according to reports. The man is accused of helping a company called Xstrata sell its tax information for €2.2bn (£1.3bn) and then using it to help clients avoid paying tax.
A former UBS banker has been charged in Switzerland of selling data to the German state of North Rhine-Westphalia which recovered billions by not declaring their wealth in Swiss accounts, according to reports. The man is also accused of violating banking secrets, espionage and money laundering.