PARIS, June 7 Swiss bank UBS has been
placed under formal investigation for alleged complicity in
suspected illegal sales practices, the French prosecutor's
office said on Friday, a week after the bank's French unit
suffered the same fate.
At the same time, the parent company was given the status of
"supervised witness" on two other charges related to money
laundering and tax evasion rather than being placed under
investigation, the prosecutor's office said.
At issue in the case is whether UBS offered potential French
clients investments that were allegedly designed to evade taxes.
(Reporting By Patrick Vignal; Editing by Christian Plumb)