Finance
UBS Faces French Trial for Harassing Whistleblowers
- Paris case is linked to parallel money-laundering prosecution
- UBS Europe’s French branch risks small fine if found guilty
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UBS Group AG stood trial in Paris accused of harassing a pair of whistleblowers who lifted the lid on the bank’s efforts to help wealthy French dodge taxes.
In a saga that’s dragged on for more than 15 years, a French unit of the Swiss lender is accused of sidelining and slashing the bonus of former auditor Nicolas Forissier, who was penning a report that pointed to potentially unlawful behavior.