Swiss Bank Lombard Odier Accused of Money Laundering in Gulnara Karimova Case
Published
Swiss prosecutors have been investigating the case since 2016
Swiss prosecutors have accused Lombard Odier Bank of money laundering with aggravating circumstances, according to the Financial Times.
The Swiss government states that the bank played a crucial role in concealing the criminal activities of Gulnara Karimova, the daughter of Islam Karimov, Uzbekistan’s first president, over several years.
In September 2023, prosecutors charged Karimova with embezzling a large sum of money and laundering it through a Swiss organisation known as the Office.
Karimova has denied the allegations made by Swiss authorities.
The prosecutors have also charged a former Lombard Odier employee. They have been investigating the case since 2016.
