Swiss prosecutors have charged an ex-Credit Suisse wealth manager with fraud, misappropriation and criminal mismanagement, Bloomberg reported. The bank also faces a money laundering probe in Italy, Reuters said.
Switzerland and Nigeria have agreed to work towards return of assets worth US$ 321 million stolen from Nigeria by its former dictator Sani Abacha, a Swiss Federal Council news release said Tuesday.
Jerome Cahuzac, former budget minister under President Francois Hollande, appeared in court Monday to face charges of alleged tax fraud and tax evasion, according to the Guardian.
Swiss authorities have reportedly frozen up to 60 million francs (US$ 61 million) held in bank accounts belonging to Yelena Skrynnik, Russia’s former Minister of Agriculture, as part of a money laundering investigation.
An enormous cache of 60,000 leaked files from British bank HSBC’s Swiss private banking arm has revealed that the bank helped clients, including international criminals, to hide millions of dollars from tax authorities.
Swiss police denied a request made by French authorities to raid the office of a marketing agency they suspect played a role in the embezzlement of sponsorship money and broadcast rights for the International Association of Athletics Federations, reported Reuters on Wednesday.
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