The probe into an alleged E2bn money laundering scam involving Swisscom subsidiary Fastweb and Telecom Italia’s Sparkle is set to be concluded by the summer.
According to a Dow Jones report, the investigation, which has resulted in over 50 arrests…
The probe into an alleged E2bn money laundering scam involving Swisscom subsidiary Fastweb and Telecom Italia’s Sparkle is set to be concluded by the summer.
According to a Dow Jones report, the investigation, which has resulted in over 50 arrests including senior executives of both companies, should come to a close within the next few months.
All of those under investigation will face further police questioning.
Earlier this week, broadband operator Fastweb appointed the chief executive of Swisscom, Carsten Schloter, as its temporary CEO, to avoid being placed into administration. Sparkle also evaded that punishment.