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In the indictment, the former head of GPBS and three other employees are accused of negligence in financial transactions. The public prosecutor is seeking a conditional sentence of seven months.
The defendants are said to have had a business relationship with the Russian cellist and conductor Sergej Roldugin (71), especially from 2014 to 2016, but they should have realized that he was not the real owner of the million-dollar fortune. Roldugin is considered a confidant of Russian President Vladimir Putin (70).
With this procedure, for the first time in the world, Putin’s complex financial situation is tried to be tried in court. Even if it’s just a question of whether the bank violated its duty of care and didn’t look closely enough.
In October last year, GPBS announced that it would cease operations. It was targeted by Finma, the Swiss Financial Market Supervisory Authority, in 2016. According to media reports on the “Panama Papers”, GPBS is said to be involved in illegal transactions with offshore companies.
As GPBS’s attorney Andreas Meili explained, the four defendants will seek acquittal. Banking supervisor Finma did not want to comment on the procedure when asked. (SDA/koh)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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