Swiss-French banker remanded over Siemens kickbacks scandal

A Swiss-French banker alleged to be a key figure in the Siemens cash-for-contracts scandal and implicated in corrupt arms deals is to spend Easter in Greek custody after testifying before an investigating magistrate.

The 55-year-old, identified in the media as Jean-Claude Oswald, was extradited to Greece earlier last week following his arrest in Abu Dhabi.

According to sources, he told the magistrate that he knew nothing about any kickbacks or about the source of the money deposited by his clients.

He has been implicated in kickbacks for the procurement of self-propelled howitzers manufactured by German firm Krauss-Maffei Wegmann.

According to sources, Oswald did not reveal any information regarding politicians who may have been involved in the deal but promised to provide magistrates with a list of his former clients by the end of next week.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.