Dirty Swiss money

[…] Swiss prosecutors are trying to figure out why someone apparently attempted to flush tens of thousands of euros down the toilet at a Geneva branch of UBS Group AG.

The first 500-euro bills were discovered several months ago in a bathroom close to a bank vault containing hundreds of safe deposit boxes, according to a report in Tribune de Geneve confirmed by the city prosecutor’s office. A few days later, more banknotes turned up in toilets at three nearby restaurants, requiring thousands of francs in plumbing repairs to unclog the pipes.

In all, police have extracted tens of thousands of euros in soiled bills, many of which appear to have been cut with scissors

If it wasn’t dirty money before, it certainly is soiled now.

[…] While destroying banknotes isn’t a crime in Switzerland, “there must be something behind this story,” said Henri Della Casa, a spokesman for the Geneva Prosecutor’s Office. “That’s why we started an investigation.”

A bold deduction there, Henri.  “There must be something behind this story”  Really?  It’s not just a Swiss banker overly flushed with cash?

[…] He declined to discuss the case further. UBS also declined to comment on the incident at its branch on the Rue de la Corraterie in downtown Geneva.

Was it a failed attempt at money laundering, someone attempting to liquidate their assets or simply an expensive dump?  Maybe someone from Alinghi decided it was easier to flush money down the drain this way than have another crack at the Americas Cup?

This post was written by Intern Staff


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