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UBS Group was fined 3.7 billion euros

Zou Heyi

08:43, February 21, 2019 Source: Beijing News

According to the CCTV news client, according to Agence France Presse, on the 20th local time, UBS was sentenced by the Paris Minor Offences Court to a fine of 3.7 billion euros and compensated the French government with a total tax loss and interest of 800 million euros for two charges of "illegal solicitation of customers" and "tax fraud in whitewashing". On October 8 last year, the trial of the case officially started in Paris. The French prosecutors accused UBS Group of helping thousands of French taxpayers evade taxes between 2004 and 2012. UBS Group has always denied this, and its lawyers said that they would appeal against this judgment.

(Editor in charge: Han Ying, Zhang Chen)

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