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Ex-UBS banker must stay behind bars
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An ex-UBS banker charged in the United States with conspiring to help Americans dodge taxes using Swiss bank accounts must remain behind bars in Italy after a judge turned down his request for house arrest, a source with knowledge of the situation said.
Raoul Weil, a Swiss citizen who used to be UBS’s third-highest ranked executive, was arrested by Italian police on October 19 while on a private visit with his wife to Italy, and is facing possible extradition to the US.
Weil, 53, was charged five years ago in the US with conspiring with unnamed UBS executives to help 17,000 Americans conceal US$20 billion in Swiss bank accounts.
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