Credit Suisse’s offices in Germany were searched Wednesday as part of an investigation into accusations that its employees might have helped clients evade taxes, prosecutors in Düsseldorf said. Now the police is sifting through the files that were seized. The searches were prompted by data contained on a compact disc the authorities recently purchased from an informant. They paid more than 2 million euros for the disk.
UBS, the largest Swiss bank, avoided prosecution in the United States last year after admitting that it had helped clients evade taxes from 2000 to 2007. It paid a $780 million fine and agreed to disclose the account details of more than 4,700 clients.