UBS Appeals French Court's $2B Ruling In Tax Fraud Case
By Todd Buell (December 21, 2021, 11:10 AM EST) -- Swiss bank UBS has challenged a French Court of Appeal's ruling that it engaged in unlawful solicitation and aggravated laundering of the proceeds from tax fraud and is on the hook for nearly €2 billion ($2.2 billion).
Swiss bank UBS on Monday challenged the French Court of Appeals over a ruling that it engaged in unlawful solicitation and aggravated laundering of the proceeds from tax fraud. (AP Photo/Mark Lennihan) UBS AG said late Monday that it had appealed to the French Supreme Court the intermediate court's decision to uphold a confiscation order of €1 billion and award civil damages of €800 million to...
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