Original sentence: In January 1997, Cristoph Meili, a night watchman at the Union Bank of Switzerland (as UBS was then known), found the bank historian shredding archived documents -- compiled by a subsidiary that had extensive dealings with Nazi Germany -- in direct violation of a recent Swiss law (adopted on December 13, 1996) protecting such material.Meili was suspended from his job at the security company that served UBS, following a criminal investigation into whether he had violated bank secrecy laws.SEBI's May 17th, 2005, ruling barred UBS from issuing or renewing participatory notes for a period of one year.The Securities and Exchange Board of India (SEBI) alleged that UBS had played a role in the 2004 Black Monday stock market crash which followed the National Democratic Alliance government’s defeat in the general elections.The ban was later lifted on appeal, as a result of a government tribunal ruling on September 9th, 2005.UBS acknowledged that it had "made a deplorable mistake", but maintained that the documents were unrelated to the Holocaust
Edited sentence: In 1997 the Union Bank of Switzerland, as UBS was then known, was implicated in shredding documents that were directly related to Holocoust victims.In India, on September 9th 2005, UBS won its appeal against the May 17, 2005 Securities and Exchange Board of India (SEBI) crack down on UBS Securities.SEBI had alleged that UBS had played a role in the stock markets crash of Black Monday in 2004 in the aftermath of the National Democratic Alliance government’s defeat in the general elections.SEBI ruling of May 17th had barred UBS from issuing or renewing participatory notes issed by it for a period of one year, but that ban has now been lifted as a result of the government tribunal's ruling of September 9th.UBS acknowledged that it had "made a deplorable mistake", but nonetheless terminated Meili's employment and reported him for breaching Swiss Banking Secrecy laws, which led to his arrest.UBS's own night watchman Cristoph Meili testified seeing important documents were being shredded that were in in direct violation of Swiss law for protection of such material