A criminal case trial against Credit Suisse for cocaine trafficking has begun in Switzerland. Despite strong indications that the funds were of criminal origin, a former Credit Suisse official carried out conducting transactions for the ring.
On Monday, a Swiss criminal court began hearings against Credit Suisse, charging the bank of neglecting to do enough to prevent money laundering connected to narcotics trafficking by a Bulgarian crime syndicate. According to the Associated Press, the group used a wrestler who formerly transported millions of dollars to Switzerland by automobile.
To safeguard the defendants' confidentiality, their identities have not yet been publicly disclosed, although Swiss prosecutors named Credit Suisse by name in an indictment issued in December 2020, reports Russia Today.
The lawsuit, which involves a former Swiss bank manager and two crime network members, comes after a years-long probe into claims of wrongdoing that allegedly occurred between...
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