Credit Suisse finds that its chairman has violated the COVID rules again

A preliminary investigation by Credit Suisse revealed that its chairman Antonio Horta-Osorio attended the Wimbledon tennis final in July during a visit to the UK when the country’s COVID-19 rules required him to be quarantined, two sources said: familiar with the matter, to Reuters.

This is the second time that the Portuguese banker, who joined the Swiss bank in April to clean up his culture after a series of scandals, has been found to have broken the corona curbs.

Do the rules not apply?  Credit Suisse Chairman Antonio Horta-Osório.

Do the rules not apply? Credit Suisse Chairman Antonio Horta-Osório.Credit:Bloomberg

The results of the investigation by Credit Suisse’s legal team were sent to the audit committee of the bank’s board before Christmas. It will now investigate and decide whether to take further steps, the sources said.

Spokesmen for Credit Suisse and Horta-Osorio declined to comment when asked about the investigation and its findings.

Horta-Osorio admitted to violating Switzerland’s COVID-19 rules during a visit to the country on 28 November. Swiss rules stipulated that he should spend 10 days in quarantine upon arrival, but he left the country again on 1 December.

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Reports of the Swiss breach prompted the bank’s board to order the internal investigation.

During their investigation, the bank’s legal team found that Horta-Osorio had also broken Britain’s rules when he took the trip to attend Wimbledon for the final on the weekend of July 10 and 11, sources said.

At the time, Switzerland and most other European countries were on Britain’s “amber list”, which meant that visitors had to be quarantined for 10 days when they arrived in the country.

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