Cantonal Bank of St Gall Mired in Corruption Scandal
The cantonal bank of St Gall in Eastern Switzerland is mired in a corruption scandal, which involves a prominent Austrian politician and a Swiss fiduciary, according to press reports.
Karl-Heinz Grasser and Fiona Swarovski are the two prominent names at the heart of the case involving corruption and money laundering – he is a former Austrian finance minister and his wife heir to the Swarovski crystal business, according to a report in Switzerland's «Sonntagszeitung» yesterday.
The state attorney in Vienna last week brought charges against Gasser and a further 15 accused, the report said. The accused are charged on counts of so-called white-collar crime.
Stashed Away in Switzerland
One of the accused is a Swiss fiduciary, known only as W. He is said to have hidden away bribery money belonging to Grasser and has been charged with money laundering.
- Monday 8 August 2016 09:18
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