AGL 40.15 Increased By ▲ 0.12 (0.3%)
AIRLINK 127.79 Increased By ▲ 0.09 (0.07%)
BOP 6.66 Increased By ▲ 0.05 (0.76%)
CNERGY 4.44 Decreased By ▼ -0.16 (-3.48%)
DCL 8.69 Decreased By ▼ -0.10 (-1.14%)
DFML 41.15 Decreased By ▼ -0.43 (-1.03%)
DGKC 86.25 Increased By ▲ 0.46 (0.54%)
FCCL 32.47 Decreased By ▼ -0.02 (-0.06%)
FFBL 64.88 Increased By ▲ 0.85 (1.33%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.40 Increased By ▲ 1.63 (1.47%)
HUMNL 14.80 Decreased By ▼ -0.27 (-1.79%)
KEL 5.05 Increased By ▲ 0.17 (3.48%)
KOSM 7.34 Decreased By ▼ -0.11 (-1.48%)
MLCF 40.16 Decreased By ▼ -0.36 (-0.89%)
NBP 61.00 Decreased By ▼ -0.05 (-0.08%)
OGDC 193.98 Decreased By ▼ -0.89 (-0.46%)
PAEL 26.76 Decreased By ▼ -0.75 (-2.73%)
PIBTL 7.26 Decreased By ▼ -0.55 (-7.04%)
PPL 152.48 Decreased By ▼ -0.05 (-0.03%)
PRL 26.15 Decreased By ▼ -0.43 (-1.62%)
PTC 16.08 Decreased By ▼ -0.18 (-1.11%)
SEARL 85.40 Increased By ▲ 1.26 (1.5%)
TELE 7.62 Decreased By ▼ -0.34 (-4.27%)
TOMCL 36.70 Increased By ▲ 0.10 (0.27%)
TPLP 8.80 Increased By ▲ 0.14 (1.62%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.80 Increased By ▲ 4.18 (7.13%)
UNITY 28.15 Increased By ▲ 1.29 (4.8%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,088 Increased By 88.1 (0.88%)
BR30 31,149 Increased By 146.9 (0.47%)
KSE100 94,686 Increased By 494.3 (0.52%)
KSE30 29,399 Increased By 197.4 (0.68%)

Credit Suisse is handing over details of around 130 US clients with hidden Swiss accounts as part of a US investigation into tax evasion, a newspaper reported on Sunday. The bank said this week it was complying with a request from the Swiss government for account information after US authorities requested help in catching Americans suspected of tax fraud, but it did not say how many clients were involved.
Citing an unnamed source, the SonntagsZeitung said the request involved around 130 clients.
A Credit Suisse spokesman declined to comment.
Earlier this month, Credit Suisse took a 295 million Swiss franc provision against third-quarter earnings in connection with the US probe. It said the final settlement might exceed the current provision.
US authorities, which suspect tens of thousands of Americans have used secret Swiss accounts to evade billions of dollars in taxes, have been conducting a widening criminal investigation into scores of Swiss banks, including Credit Suisse.

Copyright Reuters, 2011

Comments

Comments are closed.