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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Dutch authorities carry out raids in tax evasion probe

Associated Press

GENEVA – Dutch authorities have carried out raids in multiple countries in an investigation into dozens of people suspected of tax evasion and money laundering via an unidentified Swiss bank.

The national tax administration said in a statement Friday that it suspects several million euros worth of funds were hidden from authorities. It says related investigations are underway in Britain, Australia, Germany and France.

In searches Thursday, it says, authorities detained two suspects and seized a gold bar, luxury cars, dozens of paintings, real estate, jewelry and bank accounts as well as data from thousands of account holders.

Dutch authorities say more actions will be carried out in the coming weeks.

Credit Suisse says its offices in London, Paris and Amsterdam have received “visits” by local authorities in connection with unspecified client tax issues.

The Swiss bank said Friday that next month it will start a program of automatic information exchange with European countries.

Credit Suisse spokeswoman Anna Sexton declined to comment further.

Swiss banks have long been a focus of international efforts to clamp down on tax evasion.