Money Laundering Trial Against Karimova Dismissed by Court

The case against an Uzbek businesswoman accused of running an international money laundering ring through Swiss bank Lombard Odier & Cie was dismissed by a Swiss court as it found her detention in Uzbekistan made it unlikely she’d ever appear for trial.

Gulnara Karimova was charged in 2023 by Swiss prosecutors over a bribery scheme where she is alleged to have accepted millions of dollars from telecoms providers in exchange for lucrative contracts in Uzbekistan. The prosecutors said at that time of her indictment that bank assets, property, cash and valuables worth about $985 million had already been seized in the case.