Filed by Credit Suisse (CS) in the Iqbal Khan case (45). According to a report by “NZZ on Sunday” The big bank reached an out-of-court agreement with all parties in the case surrounding Shadow Khan, then head of International Asset Management and Director of Personnel Peter Gorke.
CS spokeswoman, Simone Meyer, asserts in the paper: “The parties have agreed to end the pending criminal proceedings. And so the matter is closed.” It is not known how many people participated in the settlement and whether compensation will be paid.
Khan – the shooting star of Paradeplatz
The parties are said to have remained silent under a contractual penalty. The Public Prosecutor’s Office in Zurich also confirmed the settlement of the proceedings. Due to a shadow issue that became known in the fall of 2019, then CS CEO Tedjan Thiam (58) was forced to leave; His successor was Thomas Gotstein (57). Iqbal Khan turned into a major UBS bank.
His biography is wonderful. In October 2015, Khan became head of international asset management at Credit Suisse – and in just a few years the division’s profits tripled from 0.7 to 2.1 billion Swiss francs. This made Khan a shooting star at Paradeplatz. The boy from Dübendorf ZH, who came to Switzerland from Pakistan only at the age of twelve, became the most sought-after banker in the country. His amazing move to UBS, culminating in a shadow affair, made him well known beyond the borders of the country. (Neem)
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