UBS wants new recruit Khan to drop criminal complaint over spying: paper

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UBS wants new recruit Khan to drop criminal complaint over spying: paper
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UBS wants Iqbal Khan, co-head of its wealth management business, to drop his cri...

UBS’s board would welcome it if Khan abandoned his complaint against the three private detectives who followed him during his last weeks as a Credit Suisse employee, the paper said, citing sources close to the UBS board.

It could also be embarrassing for Khan if prosecutors dropped the proceedings without a result, it added. The affair saw suicide and espionage invade the secretive world of Swiss private banking, and exposed a feud between Khan and Credit Suisse CEO Tidjane Thiam.

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