Ex-UBS Exec - Underage S.x Trial Verdict In


Guilty, or not guilty ?

Bloomberg reports that former UBS Executive Director Juerg Buergin was convicted of two charges of having paid sex with an underage prostitute in Singapore.

The prosecution has proven its case beyond a reasonable doubt and has satisfied all the ingredients of both charges, Singapore subordinate court judge Eddy Tham said in handing down his verdict Tuesday.

Buergin, 41, had pleaded not guilty with his lawyer arguing that the then 17-year-old girl and her pimp had conspired to deceive the Swiss national that she was 18.

Prosecutors, who have charged 51 men for sex with the prostitute, said the relevant Singapore law makes it an absolute liability offense.

Buergin could be jailed for as long as seven years and be fined for each charge.

Selva Naidu, Buergin’s lawyer had urged the judge to consider a shorter sentence in line with the other 18 men who have been jailed for as long as 16 weeks for sex with the same girl. Buergin hasn’t decided if he will appeal, Naidu said.

Hit the link below to access the complete Bloomberg article:

Ex-UBS Executive Convicted of Sex With Underage Prostitute

UBS Quarterly Net Beats Estimates on Investment Bank

UBS CEO Says Investment Bank Strategy Is Working


JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts