UBS to Stand Trial in French Harassment Case

The French subsidiary of UBS must stand trial on suspicion of harassment. The focus is on the French subsidiary’s alleged crackdown on whistleblowers.

UBS has suffered a defeat in France before the country’s Court of Cassation, one of the four courts of last resort in the country. The French branch of Switzerland’s largest bank must now stand trial for the alleged harassment of two whistleblowers who revealed tax fraud. The focus is on the French subsidiary’s alleged crackdown on whistleblowers.

The decision of the court was viewed by the «AFP» news agency on Thursday. In a ruling on Tuesday, France’s highest court rejected appeals by the bank against its summons to appear before the Paris criminal court, according to Swiss news agency AWP.

The former head of internal audit, Nicolas Forissier, as well as former event and communication manager Stéphanie Gibaud, helped get the tax fraud case against the major Swiss bank rolling in France, resulting in UBS being investigated for tax fraud.

A lawyer for UBS France did not respond to inquiries from the French news agency AFP.