ubs subsidiary faces trial for pressuring whistleblowers in paris

UBS's subsidiary is currently on trial in Paris, facing allegations of exerting inappropriate pressure on two employees, Stéphanie Gibaud and Nicolas Forissier, between 2008 and 2010.

The former marketing manager and head of internal audit, both of whom later became whistleblowers, claim they were coerced into censoring meeting minutes and were denied promotions.

Their actions had previously initiated UBS's tax dispute with France prior to 2010.

UBS has denied any wrongdoing in court, asserting that the case is separate from the ongoing main case involving serious charges of unlawful client solicitation and money laundering.

The bank's lawyer emphasized that the events in question occurred over 15 years ago.

The trial is set to continue until December 12, while the main case remains unresolved, with the Court of Cassation having upheld UBS's fundamental conviction but requiring a renegotiation of fines and civil damages related to the solicitation of wealthy French clients from 2004 to 2012.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings