- Peter Friederich
Peter Friederich (born 1942 in
St Gallen ) is a former Swissambassador toLuxembourg .He was a career diplomat, working in the Swiss Foreign Ministry since 1971 and had served as ambassador to
Vietnam andCuba . He was made ambassador to Luxembourg in December 1999.In July 2002 was arrested for assisting drug smugglers,
embezzlement andfraud . During his time as ambassador, Friederich invested money on behalf of friends in thestock market . He would promise a higher than average return on the investments. After the stock market crash in 2000 he lost CHF5 million. He was arrested after CHF2.37 million was deposited into his private bank account byAntonio Florido Sosa , a Spanish citizen who is thought to be involved in drugs trade andmoney laundering . The money was then transferred to various bank accounts that Swiss prosecutors claim were the accounts of people involved with drugs or laundering.His trial began on
May 8 ,2005 inFederal Criminal Court inBellinzona . He was convicted and sentenced to three and a half years in prison. [ [http://factiva.com/pfa/newsletter/june.htm PFA Newsletter ] ]References
* [http://www.nzz.ch/2005/05/08/eng/article5759302.html Disgraced ambassador faces his day in court] . Retrieved
10 May , 2005
* [http://english.people.com.cn/200207/12/eng20020712_99572.shtml Swiss Ambassador Arrested for Alleged Money Laundering] . Retrieved10 May , 2005
* [http://news.bbc.co.uk/1/hi/world/europe/2164052.stm Swiss court checks envoy drugs claim] . Retrieved10 May , 2005
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