Peter Friederich
From Wikipedia, the free encyclopedia
Peter Friederich (born 1942 in St Gallen) is a former Swiss ambassador to Luxembourg, who in July 2002 was arrested for assisting drug smugglers, embezzlement and fraud.
He was a career diplomat, working in the Swiss Foreign Ministry since 1971 and had served as ambassador to Vietnam and Cuba. He was made ambassador to Luxembourg in December 1999.
During his time as ambassador, Friederich invested money on behalf of friends in the stock market. He would promise a higher than average return on the investments. After the stock market crash in 2000 he lost CHF5 million. He was arrested after CHF2.37 million was deposited into his private bank account by Antonio Florido Sosa, a Spanish citizen who is thought to be involved in drugs trade and money laundering. The money was then transferred to various bank accounts that Swiss prosecutors claim were the accounts of people involved with drugs or laundering.
His trial began on May 8, 2005 in Federal Criminal Court in Bellinzona.
[edit] References
- Disgraced ambassador faces his day in court. Retrieved 10 May, 2005
- Swiss Ambassador Arrested for Alleged Money Laundering. Retrieved 10 May, 2005
- Swiss court checks envoy drugs claim. Retrieved 10 May, 2005
