Bankers convicted for aiding Putin's Swiss accounts.

1 min read
Source: The Guardian
Bankers convicted for aiding Putin's Swiss accounts.
Photo: The Guardian
TL;DR Summary

Four bankers, including three Russians and one Swiss, have been convicted of lacking diligence in financial transactions for helping Sergei Roldugin, a close friend of Vladimir Putin, move millions of francs through Swiss bank accounts. Roldugin, who is godfather to Putin’s eldest daughter, has been dubbed “Putin’s wallet” by the Swiss government. The men helped Roldugin deposit millions of francs in Swiss bank accounts between 2014 and 2016 without conducting sufficient checks. The case highlighted how people like Roldugin were used as “strawmen” to hide the true owners of money.

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