Swiss Bank Official Indicted In U.S. Tax Probe
RENEE MONTAGNE, host:
NPR's business news starts with a major indictment for tax evasion.
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MONTAGNE: It's a major move in a U.S. investigation of tax evasion, and it involves often secretive Swiss banks. Yesterday U.S. authorities charged several top executives at Switzerland's largest bank with helping thousands of wealthy Americans evade some $20 billion in taxes. The indictment comes five months after a former banker at UBS pleaded guilty to helping an American client avoid taxes. The banker also said he would help U.S. investigators.
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