Former employee of private bank also charged in case relating to daughter of former Uzbekistan president
Swiss private bank Lombard Odier and one of its former employees have been charged with aggravated money laundering by Switzerland’s federal prosecutor. In an indictment filed on Friday, the prosecutor said Lombard Odier — one of the country’s most illustrious financial institutions — had for years played a “decisive role” in helping to conceal the alleged criminal activities of Gulnara Karimova, daughter of the now-deceased president of Uzbekistan, Islam Karimov.
“We have taken note of the decision of to bring charges against the bank for insufficient controls. For the bank, the allegations are unfounded and without merit. The bank plans to defend itself vigorously,” it said. “The proceedings have been ongoing since and the bank has always fully co-operated with the relevant authorities.
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