UBS Found Guilty in France of Harassing Two Tax Whistleblowers

A UBS Group AG unit was found guilty by a French court of harassing two whistleblowers who lifted the lid on the bank’s efforts to help wealthy locals dodge taxes.

UBS France — as the unit was known during the investigation — retaliated against its former auditor Nicolas Forissier by sidelining him and refusing to promote him to executive director after he disclosed information to bosses within the company, the Paris criminal court ruled on Monday.

“UBS was trying to bully its employee,” the lead Paris judge said. The court also found the bank guilty of penalizing another whistleblower, Stéphanie ...