The Swiss Times - Swiss News in English

Arrest in Ticino for Allegedly Bad Loans

The police in Ticino have arrested a 44-year-old man on suspicion of financial crimes. The man is accused of taking out loans that he knew he would never be able to repay, and using the money to finance a luxurious lifestyle. He is also accused of making false statements in order to obtain a 400,000 Swiss francs coronavirus loan. The suspect is a foreign national with a residence in the Lugano region and is facing charges of fraud, fraudulent bankruptcy, forgery and money laundering.nnnnnnnnnnnnnnnnnnnnnnnnnn


Most Read

Delivery Services in Switzerland Have New Competition

22 February 2024
Delivery service
An Austrian company opens it's first online supermarket outside the country. Targeting the greater Zurich area.

Swiss Semi-Conductor Government Initiative: Will it Work?

23 February 2024
Swiss semiconductor
SwissChips Initiative represents Switzerland's strategic move to bolster its semiconductor industry amidst global competition.

Murder in Frauenfeld: Trial for the Murder of an Egyptian

22 February 2024
Murder in Frauenfeld
Two men face murder charges over the 2007 killing of a 27-year-old Egyptian, whose body was discovered submerged in Barchetsee.

Swiss CEO Vranckx Moves to the Lufthansa Executive Board

23 February 2024
Swiss CEO
Swiss CEO Dieter Vranckx moves to Lufthansa as Chief Commercial Officer, after leading Swiss through challenging times.

Stay in Touch!


Swiss biotech
Swiss Biotech Firm Idorsia: Stock Soars – but Why?
26 February 2024
Decathlon Opens 5 more Stores in Switzerland
26 February 2024