Brit appears in court in Vaud on money laundering charges
The trial is underway in Vaud of a British man who is alleged to have used some of the money he’d amassed in a VAT tax fraud in the UK to buy a property in Montreux.
Raymond Woolley, also known as ‘Riviera Ray’ due to his lavish lifestyle, is on trial at Renens, under tight security, with his wife and a former banker.
Woolley, who is 64, was sentenced in 2002 in Birmingham to nine years in prison for his part in a fraud that amounted to CHF 92 million.
He escaped from an open prison in 2005 and fled to Switzerland, only to be sent back to the UK by Swiss authorities to finish his sentence. The UK extradited him to Switzerland to stand trial.