Pierre Mirabaud sentenced to 24 months suspended for corruption and money laundering
The former president of the Swiss Bankers' Association was found guilty of corruption of foreign public officials and aggravated money laundering. The Federal Criminal Court imposed a sentence of 24 months in prison suspended.
Final verdict for the former head of Swiss bankers
The Federal Criminal Court (FCC) sentenced Pierre Mirabaud on Tuesday to 24 months in prison suspended for corruption of foreign public officials and aggravated money laundering, according to Le Temps. The hearing was held in Bellinzona as part of a simplified procedure, without any last-minute surprises.
The FCC upheld the indictment filed by the Federal Public Prosecutor's Office. The custodial sentence is accompanied by a complete suspension, with a probation period of two years, as negotiated within this framework.
The criminal investigation, opened in 2021, thus concluded with this expedited hearing. Aged 77, the former Geneva banker—with round glasses and salt-and-pepper moustache—cooperated with the investigation and admitted his guilt for all the facts alleged against him. He furthermore waived any right of appeal, a sine qua non condition of the simplified procedure.
The court deemed the sentence appropriate, despite the fact that Mirabaud "acted not out of necessity, but out of greed". Several factors weighed in his favour: his active cooperation, his age, a state of health described as "fragile", the cessation of all professional activity, his good conduct, and his contribution to compensation of the victim.
Pierre Mirabaud long held a central position in the Swiss banking world, notably as former president of the Swiss Bankers' Association.
Source: Le Temps