Ed officials summon former Swiss bankers

Feb 28, 2012 |

Age Correspondent

mumbai

Two former employees of the United Bank of Swit-zerland have been summoned by the Enforcement Directorate to appear before a special court in April in connection with a money-laundering probe against a stud farm owner.

The ED issued the summons at the directions of the court under Section 59 (1) of the Prevention of Money Laundering Act against a former executive director of UBS and another former employee.
The two have been asked to be present in court any time between April 9 and 13. Sec. 59 (1) of the stringent anti-money laundering law is used for reciprocal arrangements for processes and assistance for transfer of accused persons. Officials are probing their role in helping the accused establish contact with a well-known international arms dealer, said a source. The accused had allegedly sent a notarised document to Switzerland, the ED said.

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