A former employee of Morgan Stanley was convicted by the Swiss Federal Criminal Court for his role in money laundering deal. The deal involves arms sales negotiated by the former Greek defence minister Akis Tsohatzopoulos.
The ex-banker was found guilty on the charges of money laundering and sentenced to 15 months in jail. His jail will be reduced by 348 days, taking into account the days spent in jail in the pre-trial period.
The ex-banker is expected to forfeit assets worth 2million Swiss francs, pay a compensatory fee of 500,000 Swiss francs and case fee of 200,00 Swiss francs.
The former Greek defence minister was found guilty by the Greek court and sentenced to 20 years in prison in 2013. He was released in 2018 due to bad health.
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