Court Says Credit Suisse Faces $45.5 Million Claim in Money-Laundering Case

Court Says Credit Suisse Faces $45.5 Million Claim in Money-Laundering Case
A sign of Switzerland's second largest bank Credit Suisse on a branch's building in downtown Geneva, on Nov. 4, 2020. Fabrice Coffrini/AFP via Getty Images
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ZURICH—Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin on Feb. 7, the Swiss Federal Criminal Court (FCC) said on Monday.

The Office of the Attorney General (OAG) indicted the bank in December 2020 after an investigation into the activities of a Bulgarian crime ring involving top-level wrestlers accused of laundering profits from cocaine trafficking.