Gulnara Karimova Case: Swiss Bank Faces Money Laundering Accusations
Photo: utro.ru
Gulnara Karimova, the daughter of the late Uzbek President Islam Karimov, may have laundered money through Lombard Odier, Orda.kz reports, citing Reuters.
Swiss prosecutors have filed charges against the bank and one of its former employees.
Prosecutors believe the money was transferred through nine bank accounts opened at Lombard Odier, violating regulations. The funds are linked to a criminal organization in which Karimova was involved.
Gulnara Karimova is currently serving a prison sentence in Uzbekistan.
She is accused of embezzlement, extortion, and creating a criminal network that operated in several countries, including Switzerland.
The bank, in turn, dismissed all the accusations as “baseless and unfounded.”
The prosecutor's office believes increased oversight over the bank's activities could have prevented the large-scale scheme.
Reports previously emerged that Karimova was charged with money laundering in Switzerland.
The Swiss Prosecutor General's Office sent an indictment to court against Gulnara Karimova and her accomplices and demanded the confiscation of 480 million dollars.
Original Author: Artem Volkov
Latest news
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
