Arab Today, arab today lawyer former ubs executive accepts extradition to us
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

Lawyer: Former UBS executive accepts extradition to US

Arab Today, arab today

Arab Today, arab today Lawyer: Former UBS executive accepts extradition to US

Zurich - AFP

A former top UBS executive has agreed to be extradited to the United States from Italy, where he was arrested in October for allegedly helping wealthy Americans hide billions from the taxman. Raoul Weil, 54, has "agreed to extradition to the US because he has always been prepared to confront these charges," his New York-based lawyer Aaron Marcu told AFP late on Monday. Weil, who was once chairman of the global wealth management service at Switzerland's biggest bank UBS, was indicted by a US federal grand jury in 2008 for his alleged role in overseeing the US cross-border business. The Swiss national was declared a fugitive by the US courts and was arrested in mid-October after using his real name to check into a luxury hotel in Bologna. He has always denied the charges against him. "He has never run or tried to hide," Marcu said, stressing that "we expect him to be fully vindicated when we have the opportunity to present our case to a fair and impartial jury." The indictment against him alleges that Weil, who between 2002 and 2007 supervised UBS's overseas activities, and co-conspirators helped US customers conceal about $20 billion (15 billion euros) in assets from tax authorities. Swiss banks are believed to have accepted tens of billions of undeclared dollars from US citizens, though they now refuse such money, and a number of banks are under US investigation. Weil, who left UBS in 2009, has meanwhile been relieved of the chief executive position he has held at Swiss wealth management firm Reuss Private Group since the beginning of the year. "The board took this decision as he will not be available for the time being," a company spokesman told AFP.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lawyer former ubs executive accepts extradition to us Arab Today, arab today lawyer former ubs executive accepts extradition to us

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lawyer former ubs executive accepts extradition to us Arab Today, arab today lawyer former ubs executive accepts extradition to us

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday