Swiss charge 3 over alleged industrial espionage case


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

GENEVA (AP) — The Zurich prosecutor's office says three people have been charged for allegedly violating Swiss laws protecting trade secrets and banking secrecy in a case of suspected industrial espionage.

One of the defendants, who weren't identified, was also charged with extortion. The prosecutor's office declined to comment further Wednesday in an email.

Swiss and German media have reported that the case centers on three Germans, a Stuttgart lawyer and two former employees of a Swiss bank who allegedly passed on internal bank records to German officials.

The details came to light in a joint reporting project involving German daily Die Zeit, the nonprofit investigative journalism group Correctiv, Frontal 21 magazine and Swiss online magazine Republik.

Die Zeit reported the three could face up to three years in prison if convicted.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast