Category: Federal Supreme Court of Switzerland

Credit Suisse admits responsibility in “Cocaine King” scandal

In July, Gotham City revealed that Credit Suisse was implicated in a sprawling investigation involving the former Bulgarian “Cocaine King” Evelin Banev. A recent decision by the Federal Criminal Court shows that the bank has admitted the facts of which it stands accused and has asked for a quick judgment by a simplified procedure. Banev has been previously convicted in …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

Swiss Bombardier accounts targeted by Swedish authorities

Swiss banks have been implicated in the sprawling bribery and money laundering scandal surrounding Canadian manufacturing giant Bombardier and a lucrative contract in Azerbaijan. The banks’ involvement emerged in a Federal Supreme Court judgment dated June 28, 2019. Following a Swedish request for legal assistance, Switzerland agreed to provide bank documents to the Swedish justice authorities linked to four …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

PDVSA: US investigates embezzlement of 4.5 billion dollars via Switzerland

In March 2018, the United States Department of Justice (DOJ) sent a request for legal assistance to Switzerland in connection with the PDVSA scandal. Stemming from that request, the Federal Supreme Court has revealed that the American investigation covers the misappropriation of more than 4.5 billion dollars “mainly through accounts opened in Switzerland”. In a decision made public on May 27, …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

Swiss courts rule in favour of Vladimir Gusinsky in Russian TV rights case

Four years have passed since the Russian tax authorities requested legal assistance from Switzerland regarding a company controlled by the Russian media magnate Vladimir Gusinsky. The Federal Supreme Court had just ended the matter with its answer – nyet. Switzerland will not respond to the questions sent by Russia’s Federal Tax Service about Zug-based New Century Distribution GmbH. The Federal Supreme Court upheld …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

Switzerland grants request from former Romanian prosecutor Laura Kövesi

A Swiss lawyer has failed in a Federal Supreme Court bid to block a request for legal assistance from Romania. The lawyer cited accusations by the Romanian authorities against the country’s former chief prosecutor, Laura Codruța Kövesi, current favourite in Brussels to head the new European Public Prosecutor’s Office. Switzerland’s highest court flatly rejected the arguments against Kövesi. …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

Advisor to Beny Steinmetz suspected of corruption in Romania

Switzerland will hand over information to the Bucharest authorities pursuing an investigation into the Israeli political advisor Tal Silberstein. A Federal Supreme Court decision reveals that Silberstein is suspected of corruption in connection with the 2009 presidential election in Romania. Silberstein was arrested in Israel at the end of 2016 along with the French-Israeli billionaire Beny Steinmetz, founder of …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

Zurich authorities investigate trusts run by Neupert Vuille Partners law firm

Zurich public prosecutor’s office raided the offices of the law firm Neupert Vuille Partners in May 2017, a Federal Supreme Court judgement reveals. The case concerns two trusts based in Liechtenstein, Admintrust Verwaltungs Anstalt and Lopag Trust reg. Three lawyers from Neupert Vuille Partners applied for the documents seized by the Zurich authorities to be sealed. One of the lawyers is …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

Russia to receive information regarding ownership of mysterious Swiss company

The Federal Supreme Court has cleared the way for the Swiss authorities to grant administrative assistance to Russia as part of a tax investigation involving a Swiss company linked to Moscow coal magnate Ruslan Rostovtsev. The request from the Russian Federal Tax Service sought to identify the beneficial owner of Zug-based company Kaproben Handels AG. The authorities in Moscow claimed …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

12-month suspended sentence for facilitating 828-million-euro fraud

A former Julius Baer banker has been sentenced for his part in a massive fraud perpetrated against a Lithuanian bank, AB Bankas Snoras, in 2011, in which the bank lost almost a billion euros. The Federal Supreme Court has just upheld a 12-month suspended sentence for the culprit. The former employee also has to hand over his “illicit gains” of 128,000 francs. A.S. …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite