1600 Burrstone Road, Utica, NY 13502
(315) 792-3006

German committed over money-laundering claims tells of “hell”

(The Telegraph) Gustl Mollath has been held against his will in a secure unit since March 2006, after he voiced suspicions that employees of Hypo Vereinsbank — including his ex-wife — had been smuggling money to Switzerland.

He was tried on charges of assaulting his wife and detained in a psychiatric hospital in Bavaria. But last year a German newspaper uncovered an internal audit report carried out by the bank that showed his claims were valid.

Mr Mollath, 56, told a committee of the Bavarian parliament, which is reviewing his case, that his relationship with his wife deteriorated as financial wrongdoing at the bank grew. He said that the illegal transactions kept growing bigger and bolder…read full article

Tags: ,