
Swiss Credit Suisse bank has reached an agreement with the US Department of Justice and the Securities and Exchange Commission related to the investigation of the case of unfairly accepting employees in China.
Credit Suisse has agreed to pay a $ 47 million fine. The examination showed that the Chinese branch of the bank received employees by the advice of the local state institutions.
In return, it received beneficial contracts and other privileges..
As a result, Credit Suisse bank employed the children of Chinese high-ranking officials and their other relatives.
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