Credit Suisse to pay $234 million to end French tax probe - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Credit Suisse to pay $234 million to end French tax probe

Credit Suisse Group settled a tax fraud and money laundering case in France on Monday with a 238 million euro ($234 million) payment to the state, putting another legal headache behind it as it readies to unveil a strategic overhaul. The alleged scheme, which prosecutors say took place in several countries between 2005 and 2012, caused a fiscal damage of over 100 million euros to the French state, the prosecution office said.

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