Swiss money laundering trial of Uzbekistan's Karimova and Lombard Odier begins


The logo of private bank Lombard Odier (LODH) is seen at a branch office in Zurich, Switzerland August 12, 2019. REUTERS/Arnd Wiegmann

ZURICH, April 27 (Reuters) - The ⁠trial of Gulnara Karimova, daughter of a former ⁠Uzbek president, and Swiss private bank Lombard Odier ‌on money laundering charges began on Monday in Switzerland's Federal Criminal Court, in a case dating back two decades.

Karimova is accused of ​taking bribes and running a criminal organisation ⁠known as "The Office" that ⁠allegedly channelled hundreds of millions of dollars to accounts ⁠in Switzerland ‌between 2005 and 2013.

Geneva-based Lombard Odier and an ex-employee of the bank are suspected of ⁠having enabled the concealment of proceeds of ​Karimova's alleged criminal ‌activity.

Karimova, a daughter of the late Islam Karimov, who ⁠was president ​for 25 years, is in prison in Uzbekistan. She and Lombard Odier have denied any wrongdoing.

Lombard Odier said in ⁠a statement that the case began after ​it had itself reported suspicions on the matter to Swiss authorities in 2012.

It said that the charges against it ⁠pertain to alleged organisational shortcomings in relation to the effective prevention of money laundering.

The Swiss court declined to provide an estimate of how long the trial would last ​or when the verdict would be.

For ⁠its part, Lombard Odier said the hearings were expected to ​continue until the end of ‌May, with a verdict likely to ​be reached in the following months.

(Reporting by Ariane Luthi; Editing by Alexander Smith and Tomasz Janowski)

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