According to a statement from the Belgian prosecutor should UBS directly, not through its Belgian subsidiary, have approached Belgian customers to persuade them of the play in order to avoid taxation.
Bank calls the allegations of unsubstantiated and said in an emailed statement to Reuters that it will defend itself in court.
the Belgian case is one of a series of investigations where European and US authorities examine Swiss banks, whose strict confidentiality banks make to a regular getaway for people and companies who want to hide untaxed assets.
UBS shares dropped altitude on the Zurich stock Exchange after the announcement, but low despite it is the plus.
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