Credit Suisse Chairman Violates Self-Quarantine Rules Twice

Antonio Orta Osorio, Chairman of Credit Suisse (CS)
[Image source=Reuters Yonhap News]

[Asia Economy Reporter Cho Hyun-ui] Antonio Orta Osorio, Chairman of Credit Suisse (CS), has been found to have violated self-quarantine regulations twice.

Major foreign media outlets reported on the 28th (local time), citing two sources, that "an internal investigation revealed that Chairman Orta Osorio violated self-quarantine rules when he traveled to the UK in July to watch the Wimbledon tennis final."

Switzerland requires a 10-day self-quarantine upon entry to prevent the spread of COVID-19, but he left for the UK again without completing the quarantine period.

This is the second known quarantine violation by Chairman Orta Osorio. The company launched an internal investigation after he violated self-quarantine rules by entering Switzerland on the 28th of last month and leaving again on the 1st of this month, and as a result, they discovered the violation in July.

The investigation results were submitted to the bank's board audit committee, which is reviewing whether to proceed with further investigation. Chairman Orta Osorio is also reported to have admitted to the violations.

Foreign media reported, "The Swiss prosecutor's office is also investigating Chairman Orta Osorio's violation of local quarantine rules," adding, "Depending on the outcome, a fine of up to $5,450 (about 6.4 million KRW) may be imposed."

This content was produced with the assistance of AI translation services.