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		</div><p>Credit Suisse has agreed to pay 238 million euros (£207.5 million) to settle tax fraud allegations, French prosecutors have said, in the latest blow for the embattled Swiss bank.</p>
<p>The bank will pay 123 million euros (£107.2 million) in fines and 115 million (£100.3 million) in damages and interest to France, whose investigators will close an inquiry launched in 2016 on possible charges of aggravated tax fraud laundering and illegal soliciting, French prosecutor Jean-François Bohnert said in a statement.</p>
<p>French media have reported that Credit Suisse representatives courted wealthy French customers to persuade them to open accounts with the bank which were not declared to French tax authorities.</p>
<p>Credit Suisse said it does not acknowledge criminal liability in the settlement.</p>
<p>“The bank is pleased to resolve this matter, which marks another important step in the proactive resolution of litigation and legacy issues,” the company said in a statement.</p>
<p>It comes just a week after Credit Suisse agreed to pay 495 million dollars (£437.6 million) in a US settlement over a years-long dispute tied to mortgage-backed securities, an investment vehicle that played a central role in the 2008 financial crisis.</p>
<p>The settlements are just the latest in a string of woes for Credit Suisse, including bad bets on hedge funds and a spying scandal involving UBS.</p>
<p>A Swiss court fined the bank more than 2 million US dollars (£1.8 million) in June for failing to prevent money laundering linked to a Bulgarian criminal gang more than 15 years ago.</p>
<p>Chief executive Thomas Gottstein announced in July that he was resigning after two-and-a-half years in the job as the bank posted a net loss of 1.6 billion Swiss francs (£1.4 billion) in the second quarter.</p>
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