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Ex-Credit Suisse chairman fined nearly $2,200 for breaking COVID rules

by Mike Robinson

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© Reuters. FILEPHOTO: Antonio Horta Osorio addresses the British Chambers of Commerce Annual Meeting in central London on February 10, 2015. REUTERS/Stefan Wermuth.

ZURICH, Reuters – The Former Credit Suisse (SIX) Chairman Antonio Horta Osorio was ordered to pay a fine in the amount of 2,000 Swiss Francs ($2,178), for violating COVID-19 quarantine rules, Swiss newspaper Blick reported Wednesday.

After he was discovered to have broken COVID-19 quarantine rules two times in 2021, the executive has been fined further.

It was embarrassing for Lloyds’ (LON:) ex-chief executive, who said that all bankers must be risk managers. [L1N2TW0J0]

According to the newspaper, the Investigations Office of Uznach in St Gallen was responsible for the penalty. The paper stated that he was required to pay a 350-franc fine and court fees. However, it wasn’t clear if he accepted the sentence.

A spokesperson from Horta Osorio and the Investigations Office were not available for immediate comment. Credit Suisse declined comment.

($1 = 0.9181 Swiss francs)

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