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International Business Times

Business

UBS Fined 75,000 Euros In France For Harassing Two Whistleblowers

UBS France Nicolas Forissier

UBS and its French subsidiary were also definitively convicted of having set up a system of massive tax evasion between 2004 and 2012 (Credit: AFP)

A French court fined Swiss bank UBS 75,000 euros on Monday for the psychological harassment of two whistleblowers who had denounced a system that helped moneyed French clients dodge taxes.

Capping a 15-year legal saga, UBS Europe, which has absorbed its French subsidiary, was also ordered to pay 50,000 euros ($54,000) in damages to Nicolas Forissier, the former head of internal auditing.

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