UBS unit said charged over possible harassment of whistle-blower

Tax

UBS’s French unit was charged over the possible harassment of one of the whistle-blowers behind a tax probe that forced the bank to post a $1.16bn bond to cover any potential penalties.

Bloomberg News reports that UBS France was charged earlier this month in relation to the alleged harassment of Nicolas Forissier, a former audit manager who helped trigger the probes nearly a decade ago, according to two people familiar with the matter. The people asked not to be named as the status of the case is confidential.

The French unit faces allegations that Forissier was forced to work under difficult conditions, including internal criticism and eventual dismissal for gross misconduct in 2009, said one of the people.

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UBS France Said to Be Charged With Harassment Amid Tax Probe

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