Switzerland files criminal complaint over Greensill

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ZURICH, Oct 3 (Businesshala) – Switzerland’s Secretariat for Economic Affairs (SECO) has filed a criminal complaint in relation to the defunct financier Greensil Capital for alleged violations of the law against unfair competition, it told Businesshala on Sunday.

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The Swiss NZZ am Sonntag newspaper said police searched Credit Suisse offices last week after the Zurich Public Prosecutor’s Office began criminal proceedings in relation to Greensil after a SECO complaint.

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“No criminal investigation has yet been opened against some former and current employees of the Credit Suisse group,” the newspaper said, citing the prosecutor’s office.

Switzerland’s second-largest bank, Credit Suisse, said on Sunday that when asked for comment about the NZZ M Sonntag report, the data was collected from the bank as part of an official process not directed against the lender. Was.

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“Credit Suisse fully cooperates with the authorities and, for the time being, will not make any further statements as this is an ongoing investigation,” Businesshala reported.

Credit Suisse was forced in March to close a $10 billion supply chain finance fund that had been invested in bonds issued by Greensil when the finance firm exploded.

Administrators from Greensil and the Zurich Public Prosecutor’s Office did not immediately respond to requests for comment.

SECO referred Businesshala to the Zurich prosecutor’s office for any further comment about the proceedings. (Reporting by Michael Shields; Editing by David Clarke)

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