Credit Suisse employees under German investigation

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German prosecutors said Thursday that they had placed under investigation four employees of Swiss bank Credit Suisse and a former employee for allegedly breaking tax laws.

"Our investigation is now centred on these individuals," Ralf Moellmann, a spokesman for the public prosecutors' office in Duesseldorf, western Germany, told AFP.

He added that the homes of two of those being probed were raided earlier this week and that the five, who were not named, worked or had worked as client advisors.

In February the state of North Rhine-Westphalia, of which Duesseldorf is the capital, bought a CD containing the names of Credit Suisse clients allegedly avoiding tax, sparking an investigation.

© 2010 AFP

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