Bankers convicted of helping Putin's friend

Four bankers who allowed a person of Vladimir Putin to deposit immense sums successful Swiss banks person been recovered blameworthy of lacking owed diligence.

The erstwhile executives astatine the Zurich subdivision of Russia's Gazprombank were fixed seven-month suspended sentences for helping instrumentalist Sergei Roldugin, nicknamed "Putin's wallet".

Mr Roldugin reportedly paid successful $50m (£42m) betwixt 2014 and 2016.

He gave nary credible mentation of wherever the wealth had travel from.

Under Swiss law, banks are required to cull oregon adjacent accounts if they person doubts astir the relationship holder oregon the root of the money. Mr Roldugin, a cellist, is godfather to President Putin's eldest daughter, Maria.

Three of the convicted bankers are Russian and 1 is Swiss.

The men, who cannot beryllium identified nether Swiss reporting restrictions, said they would entreaty against the Swiss court's decision.