Someone in Geneva is cutting up €500 banknotes and flushing them down toilets

Someone in the Swiss city of Geneva has been trying to flush tens of thousands of euros down toilets.

Swiss prosecutors are investigating who did what and why, after the first €500 euro note was found several months ago in a bathroom close to a bank vault at the Geneva branch of financial company UBS, Bloomberg reported.

More notes were found a few days later in toilets at three nearby restaurants — and thousands of Swiss francs have now been spent on unclogging pipes filled with notes.

Police have so far recovered tens of thousands of euros, many of which seem to have been cut before being flushed.

Destroying banknotes is not a crime in Switzerland, but Swiss prosecutors are intrigued. “There must be something behind this story,” Henri Della Casa, a spokesperson for the Geneva Prosecutor’s Office told Bloomberg, “that’s why we started an investigation.”

The European Central Bank is in the process of phasing out the €500 note, which will officially go out of circulation by the end of 2018. The move is down to concerns that the notes are largely being used for illegal activities like money laundering and smuggling.

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