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.
