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Business Matters: Credit Suisse Offices Raided

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01/04/2017 GMT

Credit Suisse Offices Raided

BBC World Service - Business Matters, Credit Suisse Offices Raided

Prosecutors in the Netherlands launch raids in several countries against tax evaders.

Credit Suisse embroiled in European investigations into client tax arrangements; South African political turmoil; crowdfunding real estate developments.

Prosecutors in the Netherlands have launched coordinated raids across Europe against suspected tax-evaders and money launderers with Swiss bank accounts. Credit Suisse is in the eye of the storm after several of its offices on the continent are visited by investigators. Thierry Boitelle, a lawyer with the Bonnard Lawson firm in Geneva, explains what the authorities are looking for.

In South Africa, President Jacob Zuma's sacking of his Finance Minister has unleashed civil war in his own party. Billions of dollars have been wiped off the value of the country's economy. Colin Coleman, managing director of Goldman Sachs International in Johannesburg, talks about the financial future of South Africa while Geoffrey York, African correspondent for the Toronto Globe and Mail, delves into the politics.

Molly Wood of Marketplace radio explains how crowdfunding might be the future of real estate developments, and BBC Economics Editor Kamal Ahmed presents his weekly look at Trumponomics, this week with a focus on the president's overhaul of US energy policy.

Plus Juliana Liu reports from Hong Kong on Sunday's potentially record-breaking auction of Andy Warhol's portrait of Mao Zeodong.

Fergus Nicoll is joined throughout by Clive Hunton of ABC News from Canberra.

(Picture: Credit Suisse Private Banking Sign; Credit: Fabrice Coffrini/AFP/Getty Images)

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