 "Swiss banking group Reyl enters plea bargain in France over tax fraud")
Swiss banking group Reyl has entered a plea bargain with French authorities over allegations it helped clients commit tax fraud, judicial sources said today.
As part of the deal Reyl agreed earlier this month to pay a fine of $3 million, they said.
Top bank executives Dominique Reyl and his son Francois have been cleared of all charges.
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A lawyer for the bank, Kiril Bougartchev, said in a statement seen by AFP that the deal with the French authorities concerned six accounts totalling 4.8 million euros.
The investigation has attracted French media attention after a former bank employee said that more than a dozen French politicians had secret accounts there.
Investigators found no evidence of this and the employee later retracted his allegations.
