Swiss accounts frozen as MTS plot thickens

20 Sep 2012

The Swiss Federal Prosecutors Office has issued arrest warrants for four Uzbek nationals and frozen ‘hundreds of millions of francs’ in Swiss banks as part of an investigation into a possible money laundering scam involving the recently closed down MTS Uzbekistan. Swiss Info reports that Bank Vontobel alerted authorities to suspicious accounts in July this year, adding that large quantities of cash are believed to have been illegally siphoned form MTS’s Uzbek subsidiary. As previously reported by CommsUpdate, MTS Uzbekistan was subject to a series of investigations from July 2012 with Uzbek authorities subsequently accusing the cellco of a range of offences, from minor regulatory infractions to money laundering and tax evasion. The provider had its operating licence suspended and then cancelled as a result, with a Tashkent court announcing earlier this week that the assets of the operator were to be seized by the state.

Switzerland, Uzbekistan, UMS (Mobiuz)