Swiss banker faces trial in France for tax fraud

Paul Hottinguer, a member of one of Switzerland’s most renowned banking families, is due to stand trial in Paris this June on charges of tax fraud and money laundering. + Get the most important news from Switzerland in your inbox He is suspected of falsely claiming residency in Switzerland to avoid paying taxes in France, according to judicial sources on Wednesday. The 82-year-old, also known as Hottinger, will stand trial before the 32nd Chamber of the Paris Criminal Court on June 2 and 4, facing charges of tax fraud and laundering proceeds from tax fraud between 2012 and 2020. +Swiss private bank Hottinger faces bankruptcy He is accused of “concealing €8.7 million (CHF8.2 million) in income from tax authorities by falsely claiming Swiss residency between 2012 and 2020”. The years 2016, 2017 and 2022 are still under review. So far, the evaded taxes are estimated at €3.1 million, according to the source. Swiss banker hides millions The hidden assets for wealth tax are estimated at ...