France asks Switzerland to hand over 45,000 UBS accounts: report. — AFP/VNA Photo |
PARIS — French tax authorities have asked Switzerland to hand over client information for some 45,000 bank accounts as part of a probe into alleged tax fraud, Le Parisien daily said Monday.
Swiss banking giant UBS said in July that the Swiss authorities had asked it to provide client information following a French request for international administrative assistance in May.
The demand concerns former and current clients living in
Le Parisien on Monday published extracts from a letter dated May 11 from French tax authorities. It said that
"The assets of those listed totaled more than 11 billion Swiss francs (US$11 billion), which could represent a several billion dollar shortfall for the French treasury," according to the letter written by French tax authorities, the report said.
According to the report, French authorities have already identified 4,782 accounts and are seeking to find the owners of an additional 40,379 accounts.
UBS denies the accusations, arguing that its involvement in such financial operations has not been proven.
Meanwhile, the documents
However not all involved tax evasion.
UBS has been embroiled in a whole series of similar cases, most notably in the