Credit Suisse offices tax raids

Credit Suisse, some of its employees and hundreds of account holders are the subjects of a major tax evasion and money laundering probe that spans five countries. Investigators in the Netherlands arrested two individuals earlier this week, seizing a gold bar, paintings, jewellery and bank account information.

They allegedly concealed millions of euro from authorities by placing them in Swiss bank accounts, the Fiscal Information and Investigation Service said in a statement yesterday. Criminal investigations are also under way in Australia, Germany, the UK and France.

Credit Suisse said its offices in London, Paris and Amsterdam were searched on Thursday by authorities in connection with client tax matters. The UK tax authority is investigating “senior employees” at a global financial institution, it said.