Navigation

Swiss banker arrested in France

A top Geneva private banker has been arrested in the French city of Marseilles suspected of money laundering.

This content was published on December 4, 2007 - 14:47

The Banque de Patrimoines Privés (BPP) de Genève said François Rouge had resigned as its chairman after his arrest at the weekend.

The bank said in a statement on Tuesday that it was "astonished" to hear of Rouge's arrest, but stressed that the affair was of a personal nature and not linked to the bank.

Rouge allegedly financed a casino and two clubs which are at the centre of a conflict between rival mafia gangs from Nice and Corsica, according to the French authorities.

The banker reportedly believed he was making a good investment but the gangs were apparently using the establishments in their fight for control of the region.

He was arrested last week while the authorities attempted to clarify his alleged role in the affair. He has been in prison in Marseilles since Saturday.

The BPP has around 40 employees in Geneva and four in Zurich. It also has a branch in the Bahamas.

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?