ZURICH, March 22 (Reuters) - Swiss private bank Julius Baer on Thursday said it has suspended an employee after Swiss federal prosecutors launched an investigation into arms deals by the country's state-owned weapons maker RUAG.
The Handelszeitung paper said a Julius Baer banker in Russia was also involved in the case.
"We have taken note of the allegations and are currently looking into them," a spokeswoman said. "The employee in question will be suspended during the investigation." (Reporting by John Revill; Editing by Michael Shields)