Credit Suisse could be ordered to pay a fine of 42.4 million Swiss francs (more than 40 million euros) in a money laundering case imposed by Swiss prosecutors. Trial begins February 7 at the Swiss Federal Criminal Court (FCC).

According to the Portuguese portal, Executive Digest, citing 'Reuters', the Swiss Office of the Attorney General (OAG) has stated that it wants compensation of about 34.8 million Swiss francs, as well as additional compensation of about 7.6 million francs from Credit Suisse AG.

This request relates to an investigation by the OAG into the bank in December 2020, which focused on the activities of a Bulgarian criminal network involving high-level fighters accused of laundering the proceeds of cocaine trafficking.

Credit Suisse rejects the accusations made and "is convinced that its former employee is innocent," the bank said in a statement to Reuters'.

The official, a former manager at Credit Suisse is also indicated to have processed transactions worth several million Swiss francs between 2004 and 2008, despite indications that the money could be of criminal origin.

According to the FCC, Credit Suisse is accused of failing to take all necessary steps to prevent an employee from laundering money.