Swiss Prosecutor Probes Allegations of Govt Official Bribery

August 21st, 2009

Wall Street Journal

ZURICH (Dow Jones)–The Swiss Federal Prosecutor’s Office said Friday it has opened an investigation into allegations a high-ranking Swiss government official was bribed for confidential information by a client of UBS AG (UBS).

The allegation emerged last month in U.S. court documents connected to the case of UBS client Jeffrey Chernick, who pleaded guilty to filing a false tax return and admitted concealing more than $8 million in Swiss bank accounts.

Read more at the Wall Street Journal

Written by Rachel Brown

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