June 27, 2016 / 4:41 PM / 2 years ago

French prosecutor seeks trial for UBS over client tax fraud: judicial source

PARIS (Reuters) - A French financial prosecutor requested Swiss bank UBS (UBSG.S) go on trial for covering up clients’ tax fraud as well as illegal prospecting, a judicial source told Reuters.

The source said the prosecutor had also requested UBS France, the bank’s French arm, go on trial for complicity.

    A spokeswoman for UBS had no immediate comment.

    French investigating magistrates now have a month to decide whether or not UBS should face judges.

    UBS was placed under formal examination in 2014. At the time, investigating judges ordered the company to pay a 1.1 billion euro ($1.21 billion) bail.

    Reporting by Chine Labbe, writing by Matthias Blamont; Editing by Richard Lough

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