U.S. Should Seek Swiss Banker Extradition, Senators Say

U.S. Senators Carl Levin and John McCain urged the Justice Department to seek extradition of about 30 Swiss bankers and others who are charged with enabling offshore tax evasion and haven’t appeared in federal courts.

The department should “at least attempt to use” powers under an extradition treaty with the Swiss, Levin and McCain wrote yesterday to Deputy Attorney General James Cole. Levin, a Michigan Democrat, and McCain, an Arizona Republican, lead the Senate Permanent Subcommittee on Investigations, which issued a report last month criticizing the Justice Department’s enforcement efforts involving Swiss banks, including Credit Suisse Group AG.