Credit Suisse learned of murders and cocaine smuggling allegedly connected to a Bulgarian gang but continued to manage cash that is now the focus of a criminal trial, a banker accused of money laundering told a Swiss court during the case.
In the first criminal trial of a major bank in Switzerland, Credit Suisse and one of its former employees face charges of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it in used banknotes stuffed into suitcases.
A Credit Suisse spokesperson said the bank has rejected all allegations and that it was convinced its former employee was innocent. In Sofia, his attorney said last week that Banev denied any involvement in laundering money from drug trafficking through Credit Suisse. "After the homicide we have decided to continue the business relationships," the banker wrote in the email. "The said article linking the murder to Spanish cocaine...has not been confirmed."
"The reaction I received when talking with my hierarchy, the questions were: was the person killed a bank client? No, she was not," the banker told the court.
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