Credit Suisse ready to write €100 million check to Italy

Credit Suisse is ready to write a €100 million check to the Italian Revenue Agency to close the tax dispute with Italy,  as Reuters reported by a source with knowledge of the dossier. The bank, through a spokesman, answered with a "no comment". The Swiss banking group has been at the center of an investigation conducted by the prosecutor Gaetano Ruta, of Milan prosecutors, for violation of the Law 231/2001 on the liability of companies for crimes committed by their employees, and also for tax fraud, money laundering, obstacle to the supervisory authority and illegal.

The investigation, lasted nearly two years, focused on about 13,000 suspected tax evaders that would lead abroad €14 billion through the use of fake life policies written in Liechtenstein and Bermuda with the Italian branch of Credit Suisse, which is not investigated, as the Credit Suisse Likfe & Pension Aktiengesellschaft (a company of the Swiss banking group) which was the subject of searches in 2014 by the Financial Police.

From the search of the customers it emerged that they had moved abroad a part of the €14 billion; about six billion euro joined the voluntary disclosure, coming back to Italy.