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A verdict is anticipated on February 20 in the trial against Swiss bank UBS, which concluded recently in Paris. The bank faces charges of unlawful financial services provision and aggravated laundering of tax fraud proceeds, with its French subsidiary implicated as well. Key executives, including former top officials Raoul Weil and Patrick de Fayet, have been summoned to testify.
UBS France's head, Régis Turrini, is on trial for allegedly harassing whistleblowers who exposed the bank's role in tax evasion. The case involves claims of reduced bonuses and retaliation against former auditor Nicolas Forissier and event specialist Stéphanie Gibaud. If found guilty, UBS could face a fine of up to 75,000 euros.
UBS France is on trial for harassing whistleblowers Stéphanie Gibaud and Nicolas Forissier, who exposed the bank's tax evasion practices. The case highlights the severe reprisals they faced, including dismissal and threats, and marks a significant moment for whistleblower protection in the banking sector. As the trial unfolds, it raises critical questions about safeguarding those who expose corporate wrongdoing.
UBS's French subsidiary is on trial in Paris for allegedly harassing whistleblowers Stéphanie Gibaud and Nicolas Forissier, who exposed the bank's illegal practices. The company faces accusations of moral harassment, witness tampering, and obstructing a health and safety committee, while UBS maintains its denial of wrongdoing. The trial, which began recently, is set to continue until December 12.
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