German prosecutors staged raids on more than a dozen Credit Suisse offices yesterday in connection with an inquiry into whether employees of the Swiss bank helped clients to evade taxes.
The raids are the latest stage of an inquiry that prosecutors in Düsseldorf said was based on data stored on CDs and offered this year to authorities in the state of North Rhine-Westphalia. Searches involving 150 prosecutors and tax officials took place in 13 locations across Germany linked to the Swiss bank's German subsidiary.
A statement from prosecutors said they did not know the names of any Credit Suisse staff who may be involved.
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