A stack of 50, 20 and 10 euro notes is arranged for a photograph in London, U.K (Photographer: Simon Dawson/Bloomberg)

Swiss Probe Cash Flushed Down Toilets Including at UBS Branch

(Bloomberg) -- Talk about money down the drain.

Swiss prosecutors are trying to figure out why someone apparently attempted to flush tens of thousands of euros down the toilet at a Geneva branch of UBS Group AG. 

The first 500-euro ($597) bills were discovered several months ago in a bathroom close to a bank vault containing hundreds of safe deposit boxes, according to a report in Tribune de Geneve confirmed by the city prosecutor’s office. A few days later, more banknotes turned up in toilets at three nearby restaurants, requiring thousands of francs in plumbing repairs to unclog the pipes.

In all, police have extracted tens of thousands of euros in soiled bills, many of which appear to have been cut with scissors.

While destroying banknotes isn’t a crime in Switzerland, “there must be something behind this story,” said Henri Della Casa, a spokesman for the Geneva Prosecutor’s Office. “That’s why we started an investigation.”

He declined to discuss the case further. UBS also declined to comment on the incident at its branch on the Rue de la Corraterie in downtown Geneva.

Bloomberg
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