Swiss private bank Lombard Odier charged with aggravated money laundering
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Swiss private bank Lombard Odier charged with aggravated money laundering
The Office of the Attorney General of Switzerland has charged the private bank Lombard Odier and a former employee with aggravated money laundering. They are suspected of helping to conceal the profits of the daughter of the former Uzbek president.
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The bank and its former employee are suspected of having played a decisive role in concealing proceeds from the activities of the “Office” founded by Gulnara Karimova, which is classified as a criminal organisation by the Office of the Attorney General (OAG). This was announced by the judicial authority on Friday.
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Between 2005 and 2012, the two allegedly laundered assets in Switzerland that originated from crimes committed by this criminal organisation, whose top boss is said to be Gulnara Karimova, according to the OAG indictment.
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The investigations confirmed the suspicion that some of the money laundered in Switzerland was transferred via banking relationships at Banque Lombard Odier & Cie SA in Geneva, according to the indictment. The presumption of innocence applies until a legally binding verdict is reached.
Translated from German by DeepL/ts
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