ZURICH—Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin on Feb. 7, the Swiss Federal Criminal Court (FCC) said on Monday. The Office of the Attorney General (OAG) indicted the bank in December 2020 after an investigation into the activities of a Bulgarian crime ring involving top-level wrestlers accused of laundering profits from cocaine trafficking. “The OAG has stated that it is seeking compensation of around 34.8 million Swiss francs as well as additional compensation of around 7.6 million francs from Credit Suisse AG,” an FCC spokesperson said in an emailed statement. Credit Suisse said it “unreservedly rejects as meritless all allegations in this legacy matter raised against it and is convinced that its former employee is innocent.” The bank told Reuters that it would defend itself vigorously in court. Switzerland’s second-biggest bank, which is trying …
Court Says Credit Suisse Faces $45.5 Million Claim in Money-Laundering Case
February 1, 2022
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