Credit Suisse blames former executive for second spying scandal

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Credit Suisse blames former executive for second spying scandal
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Credit Suisse is blaming a former high ranking executive for placing a second top employee under surveillance earlier this year

The Swiss investment bank said Monday that ex-chief operating officer Pierre-Olivier Bouée ordered a spying operation on Credit Suisse's former head of human resources for several days in February, and later covered up the scheme. Credit Suisse said that Bouée tapped a"third-party firm" to observe Peter Goerke"on behalf of Credit Suisse." The company did not explain why Bouée had Goerke watched.

One of Credit Suisse's top executives has quit over a spying scandal Read MoreOn Monday, Credit Suisse said that Bouée was asked after that incident whether he had ordered surveillance on anyone else. Bouée"did not respond truthfully when asked about any additional observations and did not disclose the observation of Peter Goerke," the bank said in its statement. It added that the board of directors has now decided to fire Bouée. He had earlier resigned.

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