US EditionDaughter of former Uzbek president faces trial in Switzerland over money laundering
Prosecutors say the scheme moved hundreds of millions of dollars through Swiss accounts using straw owners and fictitious contracts, with Lombard Odier accused of key failures.
- On Monday, the trial of Gulnara Karimova, daughter of former President Islam Karimov, and Lombard Odier began in Switzerland's Federal Criminal Court on money laundering charges stemming from a case spanning two decades.
- Prosecutors allege Karimova established a criminal organization known as "The Office" to launder bribes from telecommunications companies, channeling hundreds of millions of dollars into Swiss accounts between 2005 and 2013.
- A former asset manager at Lombard Odier allegedly opened accounts for false beneficial owners; these accounts reportedly accounted for 90% of the manager's portfolio, totaling $599 million.
- Defense lawyer Gregoire Mangeat stated Karimova is detained in an Uzbekistan "prison colony," making her attendance "virtually impossible," while vowing to seek full acquittal.
- Both Karimova and Lombard Odier deny any wrongdoing as the court examines organizational shortcomings in preventing money laundering, with proceedings expected to continue through May.
20 Articles
20 Articles
Judicial difficulties are accumulating for Gulnara Karimova. Daughter of former President Islom Karimov (in post from 1991 to 2016, NdlR), Gulnara has...
Daughter of former Uzbek president accused of masterminding $100 million crime ring known as 'The Office'
The daughter of a former president of Uzbekistan was facing a trial in absentia starting Monday in Switzerland in connection with alleged bribery and money laundering involving assets worth hundreds of millions of dollars. Gulnara Karimova, the daughter of former President Islam Karimov, is behind bars in Uzbekistan as the trial opens in a Swiss federal criminal court in the southern city of Bellinzona. It’s set to run through May 22. Swiss pros…
Associated Press News
Daughter of former Uzbek president faces trial in Switzerland over money laundering
The daughter of a former president of Uzbekistan is facing a trial starting Monday in Switzerland in connection with alleged bribery and money laundering involving assets worth hundreds of millions of dollars.
High-Stakes Swiss Trial: Gulnara Karimova and Lombard Odier Face Money Laundering Charges
The long-awaited trial of Gulnara Karimova, daughter of former Uzbek President Islam Karimov, alongside Swiss bank Lombard Odier, has commenced in Switzerland. Accusations include money laundering and running a criminal organization that funneled millions to Swiss accounts. Both Karimova and the bank deny the allegations.
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
