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Swiss prosecutors review Credit Suisse chairman’s quarantine breach -Breaking


© Reuters. FILE PHOTO – The logo of Swiss bank Credit Suisse can be seen in a Zurich branch office, Switzerland on November 3, 2021. Picture taken November 3, 2021. REUTERS/Arnd Wiegmann/File photo

ZURICH (Reuters), – The Swiss canton of St Gallen has announced that they will be reviewing a violation of quarantine regulations. Credit Suisse (SIX 🙂 Chairman Antonio Horta Osorio, who could face a fine of up to 5000 Swiss Franks ($5,420.64).

According to the bank, Horta Osorio violated the regulations during his November visit to Switzerland. He left before the 10-day quarantine allowed.

Horta Osorio offered his apology and indicated that he would be reporting to authorities. The spokesperson of the Public Prosecutors Office of St Gallen claimed that they had received an inquiry about Friday’s incident.

The spokesperson stated that “the proceedings are pending” and added no additional information.

Un représentant for Horta Osorio refused to comment.

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Credit Suisse claims that he arrived in Switzerland in November 28th and was released on December 1st, after which a quarantine of 10 days was necessary. Switzerland’s bank regulator said the bank is still in communication with it.

After the Portuguese banker said that he was committed to eradicating bad and reckless behavior at the bank, the incident is a serious blow. The scandal has been highlighted by Swiss media as detrimental to his efforts to change the culture of the bank.

($1 = 0.9224 Swiss francs)

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