Gulnara Karimova News

finance1 year ago•1 min saved

Lombard Odier Faces Money Laundering Indictment

Swiss prosecutors have indicted Lombard Odier, one of Switzerland's oldest private banks, and a former employee on charges of aggravated money laundering. The charges relate to concealing proceeds from a criminal organization led by Gulnara Karimova, daughter of Uzbekistan's late president. The bank, under investigation since 2016, denies the allegations and plans to defend itself, claiming the case arose from its own proactive reporting to authorities.

via CNBC|

#banking-scandal #finance #gulnara-karimova

crime2 years ago•2 min saved

'Princess of Uzbekistan' Unmasked as Mastermind Behind Global Money Laundering Scheme

Gulnara Karimova, known as the "Princess of Uzbekistan," has been accused by Swiss authorities of leading an international crime organization that laundered hundreds of millions of dollars. She is accused of stealing money from Uzbekistan, bribing executives and government officials, and using various companies and bank accounts in Switzerland to launder the funds. Karimova, who had diplomatic immunity for years, is currently imprisoned in Uzbekistan and has been indicted in Switzerland on charges of heading the alleged crime syndicate. Her organization, known as "The Office," allegedly consisted of over 100 legitimate companies working to hide stolen money. Karimova denies the charges and her lawyers claim she has been held in arbitrary detention and deprived of basic rights.

via New York Post |

#crime #gulnara-karimova #international-crime-organization