Navigation

Swiss return frozen Aeroflot assets

Switzerland has returned assets worth SFr53 million ($51.7 million) to the Russian airline Aeroflot at the centre of a fraud scandal.

This content was published on August 27, 2010 - 18:15

The Federal Justice Office said the funds were transferred following a request for legal assistance by Russia three years ago.

The Russian authorities launched proceedings into the embezzlement of Aeroflot assets by former managers, a Swiss lawyer and Russian oligarch Boris Berezovsky in the late 1990s.

All the defendants were tried and found guilty by courts in Russia and Switzerland.

The funds placed on a Swiss bank account were frozen as a result. The sum corresponds to the loss for which the airline was claiming compensation.

Switzerland repeatedly provided legal assistance in the case and started a criminal investigation into money laundering and corporate fraud, according to a statement on Friday by the federal justice office.

swissinfo.ch and agencies

In compliance with the JTI standards

In compliance with the JTI standards

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

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.