© Reuters. FILE PHOTO: A clock is seen near the logo of Swiss bank Credit Suisse at the Paradeplatz square in Zurich, Switzerland October 5, 2022. REUTERS/Arnd Wiegmann/File Photo
PARIS (Reuters) – Credit Suisse Group and the French financial prosecution office have agreed to settle a tax fraud and money laundering case in France with a 238 million euro ($233.81 million) payment to the state, a French court heard on Monday.
The settlement still needs to be approved by the court.
If approved, the payment would resolve the investigation led by the France’s financial prosecution office over whether the Swiss bank helped clients avoid paying taxes on their wealth.
The alleged scheme, which prosecutors say took place between 2005 and 2012, caused a fiscal damage of over 100 million euros to the French state, the prosecution office said.
($1 = 1.0179 euros)
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