Criminal case against the CEO of the Swiss subsidiary of Gazprom.
Zurich law enforcement authorities have opened a criminal case against Roman Abdulin, CEO of the Swiss subsidiary of Gazprombank and his other employees, Bilanz magazine reported.
Egor Noskov, the Managing Partner of Duvernoix Legal, shared his opinion on the possible consequences of the criminal case for Abdulin:
"Despite the initiation of a criminal case, the probability of a conviction for the head of a bank in Switzerland is quite low, since this country is traditionally more liberal than most European countries in terms of offshore and money laundering. International banking is one of the backbones of the Swiss economy. Moreover, unlike other European financial centers, after Panamagate, it is also possible to open and maintain accounts of Panamanian offshore companies in Switzerland."