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Home NewsDACHSwitzerlandFormer Swiss Banking Head Sentenced for Bribery

Former Swiss Banking Head Sentenced for Bribery

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A former partner at Swiss private bank Mirabaud & Cie, who once headed Switzerland’s banking lobby, has admitted to paying tens of millions of dollars in bribes. Pierre Mirabaud, 77, received a suspended two-year prison sentence on Tuesday. Swiss federal prosecutors alleged Mirabaud made hundreds of payments totalling 82.3 million Swiss francs (approximately A$101.7 million) to a Kuwaiti government official between 2000 and 2012. These payments were reportedly in exchange for bringing A$595.2 million worth of business to the bank,…

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