Story perspectives

Pierre Mirabaud Convicted in Bribery and Money Laundering Scheme

9/8/2026

Summary

Story summary

Pierre Mirabaud was convicted of bribery and money laundering, receiving a 24-month suspended sentence.
He paid 82.3 million Swiss francs to Kuwaiti official Fahad Al-Rajaan from May 2000 to March 2012.
The payments aimed to secure roughly $500 million of Kuwait’s Public Institution for Social Security assets for Mirabaud Group.
The scheme generated about $595.2 million in investment business for Mirabaud Group.
FINMA confiscated 12.7 million francs from Mirabaud in 2024 for earlier money-laundering breaches.

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Story summary

Pierre Mirabaud was convicted of bribery and money laundering, receiving a 24-month suspended sentence.
He paid 82.3 million Swiss francs to Kuwaiti official Fahad Al-Rajaan from May 2000 to March 2012.
The payments aimed to secure roughly $500 million of Kuwait’s Public Institution for Social Security assets for Mirabaud Group.
The scheme generated about $595.2 million in investment business for Mirabaud Group.
FINMA confiscated 12.7 million francs from Mirabaud in 2024 for earlier money-laundering breaches.