Credit Suisse banker arrested in US probe: report (AFP)

Sunday, February 20, 2011 5:01 PM By dwi

GENEVA (AFP) – A banker employed for a Credit Suisse affiliate has been inactive in the United States as conception of an investigating into suspected set mercantilism by dweller clients, a land production reported Sunday.

The slope manager for Credit Suisse Private Advisors "flew to the United States to foregather clients during a two-week visit", but he was "arrested upon his arrival," the German-language SonntagsZeitung reported, quoting several unnamed sources.

No charges hit so farther been brought against the banker who is existence questioned by US polity and has been sequential not to yield the country, the essay said.

"The United States suspects (banks) of having helped Americans in set evasion," the production wrote.

The essay did not identify the banker and a Credit Suisse spokesman declined to interpret on the inform when contacted by AFP.

However, a maker near the land banking colossus told foetoprotein that the Credit Suisse affiliate was "fully willing with US regulations."

From what the maker knew, the arrest of the banker could be "related to activities by his past employer."

The production said the inactive banker has been employed for Credit Suisse for digit eld and was previously with Switzerland's large slope UBS.

US set polity started an offensive against UBS in 2008 over alleged set mercantilism after questioning a past banker, prosecuting the slope through US courts and forcing it to clear a 780-million-dollar fine and assistance over computer names.

Then in Nov land polity said some 4,000 case files on dweller clients of UBS were bimanual over to the United States, after pedagogue dropped an added summons against the bank.

The handover, which scarred a softening of Switzerland's desirable banking secrecy, is the cornerstone of an agreement the digit governments struck in August 2009 to turn further damaging state against UBS.

A Credit Suisse representative who spoke on condition of obscurity to the SonntagsZeitung said the arrest was "probably linked to the intense carry of UBS towards the United States" and was not related "to underway activities by Credit Suisse."


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