UBS Unit Chief Bruehwiler Charged in Belgium Tax Evasion Probe

Jun 19, 2014 4:50 pm ET

June 19 (Bloomberg) -- Marcel Bruehwiler, chief executive of the Belgium unit of UBS AG, was charged by local prosecutors as part of a probe into a multibillion-euro tax fraud, according to a government statement.

Bruehwiler was charged with criminal organization, money laundering, illegal practice of the profession of financial intermediary and serious organized fiscal fraud, prosecutors in Brussels said today.

Bruehwiler, who was released after several hours of questioning, denied all charges, prosecutors said.