Financial Times FT.com

Focus of inquiry shifts to Swiss bank

By Gerrit Wiesmann in Frankfurt and Haig Simonian in,Zurich

Published: February 27 2008 02:00 | Last updated: February 27 2008 02:00

German prosecutors are investigating whether Swiss bank Vontobel might have helped German residents set up secret accounts via a -subsidiary in Liechtenstein, bringing a second bank into the focus of the scandal involving alleged tax -evasion.

The Zurich-based bank said that "client data were neither stolen nor misappropriated from" Liechtenstein unit Vontobel Treuhand, the bulk of a statement in which one of Switzerland's best-known banks did not comment further on "rumours" of prosecutors' interest.

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