Swiss Prosecutor Sees Millions Laundered Via Credit Suisse
- Illicit transfers constitute aggravated laundering: prosecutor
- Credit Suisse says former manager acted alone; didn’t launder
The Credit Suisse Group AG headquarters in Zurich.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
A prosecutor has identified more than $60 million that he believes was laundered through Credit Suisse Group AG, in the precursor to what would be just the second Swiss criminal indictment ever against a major local lender.
Geneva’s top financial-crime prosecutor, Yves Bertossa, identified a series of 8 transactions the bank failed to prevent between 2008 and 2014 at a hearing last week, which he said constituted aggravated money laundering by the Swiss lender, according to people familiar with the investigation.