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Russian money laundering probe linked to Hermitage dropped by Swiss prosecutors

( July 27, 2021, 15:43 GMT | Official Statement) -- MLex Summary: A Russian money laundering investigation stemming from criminal complaints filed by Hermitage Capital Management has been formally closed, Swiss prosecutors said today. The probe related to suspected misconduct committed in Switzerland between 2008 and 2010, and resulted in a forfeiture order of more than 4 million francs ($4.4 million). “[We] can now confirm that the investigation has not revealed any evidence that would justify charges being bought against anyone in Switzerland; the decision has therefore been taken to close the proceedings,” prosecutors said.Laundering of funds misappropriated from the Russian Treasury: closure of proceedings and partial forfeiture of assets...

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