23/03/2017 • Bloomberg

Swiss Fraud Probe May Expand to Include Credit Suisse Employees

Swiss prosecutors are pursuing emails and other documents that may lead them to expand a fraud investigation into a defunct Geneva-based asset manager to include Credit Suisse Group AG employees, people familiar with the case said.

The prosecutors are currently looking into alleged misuse of funds by TG Investment Services, set up by two former Credit Suisse bankers, which was managing money on behalf of the bank’s Turkish clients. Prosecutor Johan Droz said he has asked a judge to lift the seal on all email correspondence between May 2008 and April 2015 that belonged to a then-Credit Suisse relationship manager, also under investigation, who worked with TG Investment to execute account transfers.

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