Swiss prosecutors have closed a criminal investigation against former Swiss National Bank (SNB) chairman Philipp Hildebrand in connection with possible violations of secrecy laws, reported swissinfo.ch.
The case had been filed by Christoph Blocher, the billionaire associated with the Swiss People’s Party, who accused Hildebrand of giving information about his role to the media.
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Hildebrand was forced to step down from his role at SNB in January 2012 after disclosures that his wife had been involved in lucrative currency trades. He has been charged of insider trading after details of the currency transactions were disclosed.
However, Hildebrand refused the charge maintaining his wife ordered the transactions without his knowledge, calling the accusations a smear campaign.
Blocher, who was allegedly given information about the trade, denied handling any original banking documents in the matter and said that he merely passed on information to the then cabinet minister Micheline Calmy-Rey.
This relaying was reported by the NZZ am Sonntag and SonntagsZeitung in 2012.
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By GlobalDataRecently, the Federal Prosecutor’s Office said in a report in the NZZ am Sonntag, that it was no longer possible to find out who had told the media of Blocher’s role in the issue.
