4 staff of Gazprombank Switzerland, together with its managing director, appeared earlier than a Swiss courtroom on Wednesday in reference to their function in managing property of Russian cellist Sergei Roldugin - a good friend of Vladimir Putin who's suspected of getting taken a few of the Russian president's fortune overseas.
Giant sums of round €30.2 million (30 million Swiss francs) have been allegedly transferred from corporations within the musician's identify with out Gazprombank's managers having carried out the mandatory inspections.
The one-day trial in Zurich stemmed from details about secretive monetary flows revealed within the Panama Papers leaks in 2016.
It took years for prosecutors to unravel the online of cash and convey the case to courtroom.
The trial opens a uncommon window into allegations that a member of Putin’s circle of buddies helped funnel hundreds of thousands overseas and that European banks might have turned a blind eye regardless of worldwide sanctions.
Western nations have imposed sanctions towards oligarchs and others with shut ties to Putin's authorities, together with Roldugin, each earlier than and since Russia's invasion of Ukraine.
The US Treasury Division has described Roldugin as “a part of a system that manages President Putin’s offshore wealth.”
The 4 bankers, three Russian-born and one Swiss-born, have denied wrongdoing. A verdict is predicted on 30 March, in accordance with Gazprombank Switzerland.
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