Ex-Morgan Stanley Banker Jailed Over Greek Money-Laundering
- Banker sentenced to 15 months in prison for role in scheme
- Former Greek defense minister convicted in 2013 over kickbacks
This article is for subscribers only.
A former Morgan Stanley banker in Switzerland was convicted of money laundering related to a kickback of about 50 million Swiss francs ($50.1 million) from arms sales negotiated by ex-Greek defense minister Akis Tsohatzopoulos.
The banker, who can only be identified as PB, was sentenced to 15 months in prison after being found guilty of qualified money-laundering, but was acquitted on a separate charge of embezzlement, the Swiss Federal Criminal Court said late Monday. His prison term will be reduced by the 348 days he’s already spent in custody. The court ruling also gave him a 15-month suspended sentence and a conditional fine of 250,000 Swiss francs.