Geneva toilets flush with cash

(Reuters) – Geneva prosecutors are investigating after toilets in a bank and three restaurants were blocked by about $100,000 in high-denomination euro banknotes, they said on Monday.

“We are not so interested in the motive but we want to be sure of the origin of the money,” spokesman Vincent Derouand said, adding that neither throwing money away nor blocking a toilet was a crime.

The Tribune de Geneve newspaper, which first reported the unusual deposit, said the first blockage occurred in the toilet serving the vault at UBS bank in Geneva’s financial district, and three nearby bistros found their facilities bunged up with 500-euro notes a few days later.

Derouand said two people had agreed to compensate the restaurants for the costs of the blockage, and the restaurants had withdrawn a complaint that they made when the incident happened in May.

The cash was confiscated during the investigation and it was unclear who would get it if it was found to be lawful. There was no immediate reason to think it was dirty money, Derouand said.

The European Central Bank said last year it had decided to discontinue the 500-euro note because of concerns that it was being used too often for illicit activities including money laundering.

A UBS spokesman declined to comment.

3 Comments

  1. Geneva toilets flush with cash – Caribbean Edition
    September 25, 2017 at 11:14 pm Reply

    […] Source: St. Lucia Times (Reuters) – Geneva prosecutors are investigating after toilets in a bank and three restaurants were blocked by about $100,000 in high-denomination euro banknotes, they said on Monday. “We are not so interested in the motive but we want to be sure of the origin of the money,” spokesman Vincent Derouand… Link: Geneva toilets flush with cash […]

  2. Patriotic
    September 26, 2017 at 9:37 am Reply

    Now if I saw endless Euro 500 notes in the toilet bowl I would certain push both hands down there. What is one man’s waste is another man’s treasure.

  3. Bambi
    September 26, 2017 at 7:31 pm Reply

    The money is totally useless. They stopped that denomination last year. It sounds like a money laundering ring who could not make the money clean before the deadline. So grappling from the toilet makes no sense.

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