Credit Suisse has been found guilty of a corporate crime by Swiss authorities after a court found the lender failed to stop the laundering of Bulgarian drug money. Photograph: Fabric Coffrini/Getty ImagesCredit Suisse has become the first domestic bank to be found guilty of a corporate crime by Swiss authorities after a court found the lender failed to stop the laundering of Bulgarian drug money.
An ex-Bulgarian tennis star, Elena Pampoulova-Bergomi, who was a former relationship manager at the bank, was also found guilty of money laundering offences. “The court found deficiencies within the bank during the period in question both with regard to the management of client relations with the criminal organisation, as well as with regard to the monitoring of the implementation of anti-money laundering rules by management, the legal service and the compliance department,” said the Federal Criminal Court .
Prosecutors detailed in their case how Pampoulova-Bergomi had built and maintained a relationship, thanks to her sporting renown, with the former Bulgarian professional wrestler, Evelin Banev, who was at the head of a major European cocaine smuggling operation.Pampoulova-Bergomi regularly collected suitcases of cash worth more than €500,000 from individuals in Banev’s circle, including from one client who was shot dead outside a restaurant in Sofia in 2005.
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