Pierre Mirabaud Admits Role in Multi-Million Swiss Bribery Scheme

The Federal Criminal Court in Bellinzona is now tasked with finalizing a judgment against the 77-year-old retired banker. Prosecutors argue the payments were a calculated mechanism to bypass competition and funnel assets into the bank. While Mirabaud has confessed to his involvement, the case highlights deep systemic failures within the institution that once prided itself on prestige and discretion.

FINMA, the Swiss financial regulator, has already moved to claw back profits from Mirabaud & Cie, citing significant regulatory gaps that allowed the corruption to persist unchecked for twelve years. The bank, currently managed by the sixth generation of the founding family, maintains that it is cooperating with authorities to mitigate the damage. This confession marks a rare and public reckoning for a private banking sector that historically shielded its internal operations from such scrutiny.