Credit Suisse Faces U.S. Probe Into 2014 Tax Fraud Plea Deal
- Bank pleaded guilty in 2014 and said it came clean to U.S.
- Whistle-blower case interferes with ‘ongoing’ probe, U.S. says
Photographer: Stefan Wermuth/Bloomberg
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Credit Suisse Group AG faces a U.S. Justice Department investigation into whether it has complied with a 2014 guilty plea in which it paid $2.6 billion and admitted helping thousands of Americans evade taxes.
The Justice Department revealed in a court filing that it’s investigating the plea deal in which the bank promised it would close “any and all accounts” not declared to the Internal Revenue Service. Prosecutors warned in the filing that the probe may be compromised if a judge allows a former banker at Credit Suisse to proceed with a whistle-blower complaint alleging that the lender hasn’t lived up to its obligations.