ZURICH, May 12 (Reuters) – Switzerland’s highest courtroom has dismissed an appeal by a former UBS (UBSG.S) banker convicted in absentia of espionage for selling details about rich shoppers to German tax authorities.
Rene S., because the 48-year-old ex-banker was known as throughout courtroom proceedings, was sentenced to 40 months in jail plus fines and courtroom prices price greater than 125,000 Swiss francs ($125,200) when a decrease courtroom discovered him responsible in 2019 of spying and cash laundering.
An appeals courtroom in 2020 upheld the decision, as did the Swiss Federal Court in a ruling launched on Thursday. It dismissed his argument that the decrease courtroom had performed proceedings in an inadmissible method.
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Court paperwork have mentioned the person, accused of constructing greater than 1.1 million euros ($1.14 million) from the sale, had moved to a small city in Germany simply throughout the Rhine River from Switzerland.
He didn’t attend courtroom proceedings and his lawyer didn’t instantly reply to a request looking for remark.
The case was a part of a decade-old dispute between Germany and Switzerland over untaxed belongings, now a legacy difficulty after each nations have joined greater than 100 others in agreeing to trade monetary data about residents’ accounts.
Switzerland, whose banks have paid out billions to settle costs they helped foreigners disguise wealth, has aggressively prosecuted whistleblowers who leak client data.
($1 = 0.9984 Swiss francs)
($1 = 0.9608 euros)
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Reporting by Michael Shields; Editing by Alex Richardson
Our Standards: The Thomson Reuters Trust Principles.
Ex-UBS banker loses appeal over selling client data to Germany & More Latest News Update
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