Jean-Claude Oswald

Swiss-French banker Jean-Claude Oswald, who is facing charges of money laundering and bribery in connection to an arms procurement program, went missing on Tuesday after removing his monitoring bracelet, Greece's Justice Ministry said.

Oswald, who appeared in an Athens court earlier in the day where his case was being heard, destroyed the device's strap and disappeared, it said.

Appeals court prosecutor Pantelis Stragalis on Wednesday proposed the indictment of 11 people in connection with kickbacks allegedly pocketed from the acquisition of self-propelled howitzers manufactured by German firm Krauss-Maffei Wegmann (KMW).

A Swiss-French banker alleged to be a key figure in the Siemens cash-for-contracts scandal and implicated in corrupt arms deals is to spend Easter in Greek custody after testifying before an investigating magistrate.

The 55-year-old, identified in the media as Jean-Claude Oswald, was extradited to Greece earlier last week following his arrest in Abu Dhabi.

An anti-corruption magistrate on Tuesday questioned a Swiss-French banker who is seen as a key figure in the Siemens cash-for-contracts scandal and corrupt arms deal but was able to glean little information.

A Swiss-French banker wanted in connection with the Siemens cash-for-contracts scandal and a string of allegedly corrupt defense deals is in Greek custody, authorities said Monday.

A Swiss banker who was one of the key suspects in the Siemens cash-for-contracts scandal and in connection to allegedly corrupt arms deals is in custody in Greece, it emerged on Monday.