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CRIME

Boules habit blows cover of Swiss fugitive in France

A Swiss financier suspected of money laundering who was on the run in the south of France for two years has been caught playing pétanque.

Boules habit blows cover of Swiss fugitive in France
Photo: Soren Oxenhave

The 62-year-old was arrested by French police on Tuesday in Saint-Raphaël near Fréjus on the Côte d’Azur, reported French newspaper Var Matin on Thursday.

Wanted by Swiss police for drug-related money laundering of several hundred thousand francs, he was the subject of an international arrest warrant after fleeing from Switzerland.

Since May 2014 he had been passing for a homeless man in Saint-Raphaël, and even took a bed in an emergency shelter, said the paper.

But he was caught on Tuesday after police were informed that a man fitting his description played the popular French game of pétanque – or boules – each afternoon at a local recreation area in the town.

“At the beginning of the week we received information that this man was often at a boules ground in Saint-Raphaël,” a police source told news agency ATS.

“After carrying out surveillance, we were able to confirm that this was the right man and we arrested him.

He acknowledged he was the subject of a warrant,” the source said.

On Wednesday he appeared before the public prosecutor of Aix-en-Provence, which will decide whether to extradite him to Switzerland.

 

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BANKING

Danish bank to pay millions to end French laundering probe

Denmark’s largest bank has agreed to pay a multi-million sum to end legal pursuits in France linked to alleged money laundering in its Estonian subsidiary that resulted in heavy US penalties

Danish bank to pay millions to end French laundering probe

Danske Bank will pay €6.3million (47million kroner) to end French financial authorities’ investigation.

An independent auditor’s report published in 2018 alleged Danske Bank’s Estonian unit allegedly laundered some €200billion through 15,000 accounts from 2007 to 2015.

The payment was agreed on August 27th with France’s national financial crime prosecutors and validated by a court on Wednesday. The agreement does not involve any admission of guilt.

Danske last December pleaded guilty in the United States and paid a $2billion fine.

The bank last October set aside an amount roughly equal to its US fine in expectation of legal pursuits in several countries.

Probes are underway in Estonia, Denmark, and Britain.

France charged Danske in 2019 with organised money laundering, which it denied, saying it was unaware of its Estonian subsidiary’s activities.

Tracfin, the French finance ministry’s anti-money laundering unit, found suspect movements on two accounts linked to a Franco-Russian businesswoman who has since been handed a two-year suspended sentence.

At Wednesday’s hearing, Danske’s counsel Niels Heering said his institution was “happy to reach this accord which for us is a way to close this chapter”, adding that “cracking down on financial fraud remains a priority” for the bank.

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