Highlights

  • Four bankers guilty in Putin money laundering case
  • Helped Putin's friend set up bank accounts in Switzerland
  • Bankers face fine, jail term

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Four swiss bankers found guilty in Putin money laundering case

Four bankers, three Russian-born and one Swiss have been found guilty of financial crimes in Switzerland for assisting Putin's friend in money laundering. 

Four bankers, three Russian-born and one Swiss were charged with breaking Swiss anti-money-laundering law of having assisted a longtime ally of Russian President Vladimir Putin The Wall Street Journal reported.

All four worked for Gazprombank, the main channel of Russian oil and gas payments and the accounts in question were opened in 2014 by companies owned by Sergei Roldugin, a concert cellist close to Putin, reported WSJ.

They face fines ranging from 48,000 Swiss francs to 540,000 francs, and two years of probation, the court said. If they behave in that period, they don't have to pay the fines, reported WSJ.

However, all four of them denied the charges.

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