September 23, 2019 / 12:53 PM / a month ago

Credit Suisse's Thiam, Rohner blast reports of Khan incident as sensational

FILE PHOTO: CEO Tidjane Thiam (L) and Chairman Urs Rohner of Swiss bank Credit Suisse attend the bank's annual shareholder meeting in Zurich, Switzerland April 27, 2018. REUTERS/Arnd Wiegmann

ZURICH (Reuters) - Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam and Chairman Urs Rohner said on Monday a detailed inquiry is under way into an incident involving ex-employee Iqbal Khan and blasted media reports as having “sensationalised both facts and events”.

“Please rest assured that a detailed inquiry has been launched by the Board of Directors into these events and we are confident that the truth will emerge,” the two leaders wrote, according to an internal memo seen by Reuters.

Zurich prosecutors have opened a criminal investigation into the incident last week in which private detectives allegedly shadowed Khan, newly named as UBS’s (UBSG.S) wealth management co-head, and his wife.

Reporting by Oliver Hirt and John Miller; Editing by Michael Shields

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