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“It is in the small Swiss town of Bellinzona on the Italian border that a trial will begin today [May 13] that could have historic implications for both the Czech Republic and Switzerland,” writes Hospodářské noviny.

Four executives (three Czechs and one Belgian) of the Czech mining company MUS are facing corruption and money laundering charges relating to the alleged misappropriation of corporate assets between 1997 and 2003, and the acquisition of 97 per cent of the company’s shares.

The trial, which is set to run for two months, has come at a time when Switzerland is eager to present itself as a more transparent country, remarks the business daily.