Swiss Justice Ministry: Bribery Info Not Specific Enough

July 29th, 2009

Dow Jones

ZURICH–Switzerland’s justice department said Wednesday that allegations a high-ranking Swiss official was bribed by a Swiss bank client aren’t specific enough to pursue a case.

The Justice Ministry said it is closely following the allegations, which emerged as a result of a legal case between Swiss bank UBS AG (UBS) and the U.S. Internal Revenue Service, and will carefully evaluate any further information which becomes available, but that allegations aren’t enough to action.

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