Sacklers used Swiss bank accounts to hide transfers, court papers show

New York says it has documented $1bn in transfers, including millions from a Purdue parent company to Mortimer DA Sackler

The family that owns OxyContin maker Purdue Pharma used Swiss bank accounts to conceal the transfer of millions of dollars from the company to themselves, New York state’s attorney general contends in court papers filed Friday.

New York – asking a judge to enforce subpoenas of companies, banks and advisers to Purdue and its owners, the Sackler family – said it has already documented $1bn in transfers between those parties.

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Source : Sacklers used Swiss bank accounts to hide transfers, court papers show