EXCLUSIVE Credit Suisse finds second violation of COVID-19 rules by its president – sources


Antonio Horta-Osorio speaks at the Annual Meeting of British Chambers of Commerce in central London, Britain on February 10, 2015. REUTERS / Stefan Wermuth / File Photo

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ZURICH, December 29 (Reuters) – A preliminary investigation by Credit Suisse (CSGN.S) has revealed that its chairman Antonio Horta-Osorio attended the Wimbledon tennis final in July during a visit to Britain when the The country’s COVID-19 rules required him to be in quarantine, two sources familiar with the matter told Reuters.

This is the second time that the Portuguese banker, who joined the Swiss bank in April to clean up its culture following a series of scandals, has been found to have broken curbs from the coronavirus.

The findings of the investigation by Credit Suisse’s legal team were forwarded to the bank’s board audit committee before Christmas. He will now investigate and decide if further action needs to be taken, the sources said.

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Spokesmen for Credit Suisse and Horta-Osorio declined to comment when asked about the investigation and its findings.

Horta-Osorio admitted to breaking Swiss rules on COVID-19 during a visit to the country on November 28. Swiss rules said he was to spend 10 days in quarantine upon arrival, but he left the country again on December 1. read more

Reports of the Swiss breach prompted the bank’s board of directors to commission the internal investigation.

During their investigation, the bank’s legal team discovered that Horta-Osorio also broke British rules when he traveled to Wimbledon for the final on the weekend of July 10 and 11, said sources.

At the time, Switzerland and most other European countries were on Britain’s “orange list”, which meant visitors had to self-quarantine for 10 days upon arrival in the country.

A spokesperson for the UK government said he would not comment on specific cases.

“Passengers are responsible for ensuring that they comply with all travel rules, including providing accurate information on their passenger tracking form, and failure to do so could result in a fine or jail time, “the spokesperson said.

The Swiss offense of Horta-Osorio is being investigated by prosecutors in the Canton of St. Gallen after it is reported to them and he could face a fine of up to 5,000 Swiss francs ($ 5,450).

($ 1 = 0.9172 Swiss francs)

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Written by Rachel Armstrong; Editing by David Clarke

Our standards: Thomson Reuters Trust Principles.


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