UK raids in tax evasion probe linked to a Swiss bank.

A tax evasion tip-off, apparently relating to Swiss bank Credit Suisse (IOB: 0QP5.IL - news) , has led to raids in five countries, including the UK,

Authorities in the Netherlands said the probe related to as many as 55,000 suspect accounts held at a Swiss bank.

Officials refused to identify which bank but Credit Suisse later released a statement to confirm its involvement in the investigation.

The coordinated raids, carried out in the Netherlands, UK, Germany, Australia and France on Thursday, followed consultations with national governments.

HM Revenue & Customs (HMRC) confirmed it was involved in the UK side of the operation which was focused, it said, on senior officials and customers of a "global financial institution".

A spokeswoman for Dutch prosecutors said millions of euros worth of goods including paintings, gold bars, cash and other assets were seized in swoops on addresses linked to 3,800 Dutch accounts.




Sky News.
Culled from Yahoo News.