Swiss money laundering trial of Uzbekistan's Karimova and Lombard Odier begins  Reuters

Lombard Odier, an investment firm, has assessed the ongoing Middle East conflict and anticipates only limited market fallout, advising clients to maintain neutral portfolios.

Switzerland's largest money laundering trial, involving Gulnara Karimova, daughter of the former Uzbek president, and bank Lombard Odier, has begun in Bellinzona. The trial was initially suspended due to Karimova's absence, whose whereabouts remain unknown.

Portfolio managers at Lombard Odier claim the firm is undermining one of its funds.

A money laundering trial has commenced in Switzerland, implicating Uzbekistan's Gulnara Karimova and the bank Lombard Odier.