Swiss prosecutors charging three Germans with industrial espionage

Vastavam Web: Swiss prosecutors are charging three Germans with industrial espionage and violating bank secrecy, a media report said on Tuesday, potentially stoking a simmering dispute between Germany and Switzerland.Zurich prosecutors allege the individuals passed documents to German courts and authorities, several Swiss and German media reported, in the latest twist to a row pitting Switzerland’s long-defended bank secrecy laws against a German tax clampdown.

“We need to ask what the legal basis the Swiss government is following here,” he told the media groups behind the report. “Perhaps they are trying to set an example to deter others.”The Zurich prosecutor’s office was not immediately available for comment, while a German foreign ministry official said it was familiar with the case but that it does not comment on ongoing judicial processes.The report, a summary of which was released to German media, said the three individuals – a Stuttgart-based attorney for Mueller and two bank employees – have denied the charges.

German states have for years obtained details of bank accounts held secretly in Switzerland by Germans they say are trying to evade tax. Swiss authorities say this amounts to the theft of business secrets.The report, a summary of which was released to German media, said the three individuals – a Stuttgart-based attorney for Mueller and two bank employees – have denied the charges.

German states have for years obtained details of bank accounts held secretly in Switzerland by Germans they say are trying to evade tax. Swiss authorities say this amounts to the theft of business secrets.