head of the board's risk committee, also stood down. Drug money laundering scandal, 2022 On 7 February 2022, it was announced that Credit Suisse would be tried in the first criminal trial of a major bank in Switzerland. Swiss prosecutors are seeking around 42 million Swiss francs ($45 million) in compensation from Credit Suisse for allowing a Bulgarian cocaine trafficking gang around Evelin Banev to launder millions of Euros of cash between 2004 and 2008. On 27 June 2022, the bank as well as one of its former employees was found guilty by the Federal Criminal Court of Switzerland for not doing enough to prevent the crime from taking place. The court imposed a fine of and ordered the confiscation of assets worth more than that the drug gang held in accounts at the bank; and to relinquish over — the amount that could not be confiscated due to internal deficiencies at the bank. The bank said it would appeal against the verdict. Suisse secrets leak, 2022 In February 2022, details of 30,000 customers holding over 100bn Swiss francs (£80bn) in accounts at the bank were leaked to the Süddeutsche Zeitung, and became known as "Suisse secrets". Among those with accounts at the bank were a human trafficker, a torturer, drug traffickers and a Vatican-run account that allegedly invested €350m fraudulently in London property. On 20 February, Credit Suisse said it "strongly rejects" allegations of wrongdoing. Russian oligarch loans documents destruction after invasion of Ukraine, 2022 Following Swiss sanctions on Russia during the 2022 Russian invasion of Ukraine, Credit Suisse issued legal requests asking hedge funds and other investors to destroy documents linking Russian oligarchs to yacht loans, a move for which they faced considerable criticism. The US House Oversight Committee launched a probe into the firm demanding documents linked to the bank's compliance with sanctions on Russian oligarchs. Social media rumours, 2022 In early October 2022, Credit Suisse stocks came under considerable pressure when rumours on social media projected the demise of the bank. According to financial analysts, the bank has a “strong capital base and liquidity position”. Nevertheless, the Swiss National Bank vowed to follow the situation closely. European finance experts in particular talked of a "self-fulfilling risk" since liquidity is not a problem for the Swiss bank. CS had suffered severe losses in 2021 from the Archegos and Greensill financial scandals that implicated former Archegos executives with