Lugano (ots) - Banca del Gottardo categorically denies the
information contained in a scoop of "The Sunday Times" about supposed
relations between the Bank and Saddam Hussein, respectively with
members of his regime.
Banca del Gottardo has opportunely followed the requests of the
Swiss Federal Council (the latest dated 9 April 2003: Modification of
the Ordinance on Economic Measures against the Republic of Iraq,
issued by the Federal Banking Commission), as well as the attendant
international appeals (Bush lists), evidencing the fact that the Bank
had no link to report.
In-depth internal enquiries, dating back to 1990, have confirmed
the non-existence of any kind of relations with the Iraqi regime. To
date, two accounts exist at the Bank, with minor sums, which may be
traced to Iraqi citizens. One of them is a salary account held by an
Iraqi worker resident in Switzerland.
Banca del Gottardo strongly rejects any relation with members of
the Iraqi regime and stigmatizes the speculations of "The Sunday
Times" about the Bank's role in connection with Iraqi funds.
Banca del Gottardo, with head office in Lugano (Switzerland),
relies on a well expanded national and international network. Thanks
to its highly qualified teams of experts and its affiliates,
subsidiaries, branches and representative offices in Zurich, Geneva,
Lausanne, Bellinzona, Chiasso, Locarno, Bergamo, Milan, Turin (next
opening), Athens, Luxembourg, Monaco, Vienna, Prague, Hong Kong,
Nassau (Bahamas), as well as an important participation in Paris, the
bank offers top level financial services to its local and
Banca del Gottardo
Viale S. Franscini 8
Phone +41 91 808 33 60
Fax +41 91 923 94 33