Geneva opens money laundering probe into ‘Putin’s banker’
Swiss authorities have frozen assets belonging to a Russian banker who was once close to President Vladimir Putin.
Geneva prosecutor's office won't specify the amount, but said the move came after Russia requested legal assistance from Switzerland in the case of Sergei Pugachev in 2013.
In 2014 Interpol put Pugachev on its most-wanted list on charges of misappropriation or embezzlement by Russian authorities.
Pugachev, who lives in Nice and has become a French citizen is accused of having laundered some $700 million via Geneva's Banque Societé Génerale.
The activities were brought to light via the Panama Papers, which revealed offshore banking data stemming from the Panamanian firm Mossack Fonseca.