Credit Suisse faces verdict in cocaine-cash trial


FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) - Swiss judges are set to rule on Monday whether Credit Suisse failed to prevent money laundering linked to an alleged cocaine trafficking gang in Switzerland's first criminal trial of one of its major banks.

Credit Suisse and one of its former employees face charges of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros from 2004 to 2008.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Pope Leo's Good Friday service offers prayer for deported children
Belarus gold, forex reserves down to 15.2 bln USD
Russian oil terminals under attack unable to accept shipments for second week, sources say
Urgent: 2 U.S. military helicopters struck by Iranian fire: media
Cuba begins releasing prisoners under scrutiny of rights groups, U.S. govt
1st LD Writethru: Death toll rises to 4 from plane crash in southern Brazil
U.S. dollar ticks up
T�rkiye announces double-digit price hikes for electricity, natural gas
Second US Air Force plane crashed in Persian Gulf region, New York Times reports
Eight dead after earthquake of magnitude 5.9 strikes Afghanistan

Others Also Read