Former managers of the Zurich branch of Gazprombank in Russia were heavily fined for helping musician Sergei Roldugin, nicknamed “Putin’s wallet”.
Roldugin reportedly did not provide a credible explanation as to where the nearly $30 million he paid to banks in Switzerland between 2014 and 2016 came from.
They were fined 741 thousand Swiss francs.
According to the news of the BBC, 3 Russian and 1 Swiss bankers, who were held responsible for the incident, were fined 741 thousand Swiss francs, which was suspended for 2 years in total. The prosecution wanted 7 months in prison for the defendants.
It was stated that 4 bankers, whose identities have not been disclosed, will appeal the decision.
It was stated that the court ruled that the defendants could not prove whether they suspected the situation when the Russian musician applied to the bank with millions of dollars, and on the other hand, they failed to act by being suspicious.
The judge said there was no doubt that Roldugin was not the real owner of the money he had deposited.
Under Swiss law, banks are required to reject or close accounts if they have doubts about the account holder or the source of the money.