Former UBS chair denies fault in fraud debacle

28th June 2010, Comments 0 comments

The former chairman of UBS, Peter Kurer, is denying any legal wrongdoing in his role as a member of the banks executive board over fraudulent activities in the US and massive losses in 2008. Breaking a silence since he stepped down as head of Switzerlands biggest financial institution, the lawyer maintains he was ignorant of the tax evasion scams going on in America despite a whistleblowers warning.

0 Comments To This Article