Credit Suisse faces verdict in cocaine-cash trial

Credit Suisse and one of its former employees face charges of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros from 2004 to 2008.

The case is being followed closely in Switzerland, where it is seen as a test for prosecutors taking a potentially tougher line against the country's banks. "What is significant about this case is that Switzerland is taking legal action against a company and not just any company - Credit Suisse is one of the jewels in the Swiss crown."

Under Swiss laws, a company can be held liable for inadequate organisation or failing to take all reasonable measures to prevent a crime from happening, exposing it to criminal liability. The former relationship manager, whose identity cannot be reported under Swiss privacy rules, denies wrongdoing.

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