Headlines

Swiss court keeps bar owner in custody after deadly fire

Published by Global Banking & Finance Review

Posted on January 12, 2026

1 min read

· Last updated: January 20, 2026

Add as preferred source on Google
Swiss court keeps bar owner in custody after deadly fire
Global Banking & Finance Awards 2026 — Call for Entries

Jan 12 (Reuters) - A Swiss court ordered to keep in custody the co-owner of a bar in the upscale ski resort of Crans-Montana after a fire killed 40 people there on New Year's Day, Swiss broadcaster

Swiss Court Orders Continued Custody for Bar Owner After Tragic Fire

Legal Proceedings Following the Crans-Montana Fire

GENEVA, Jan 12 (Reuters) - A Swiss court on Monday ordered that the co-owner of a bar in the upscale ski resort of Crans-Montana that caught fire on New Year's Day, killing 40 people, must remain in custody.

Details of the Court's Decision

The court said in a statement that Jacques Moretti will be held for a provisional period of three months, but this could be reviewed if measures are taken to counter the risk of flight, such as a security deposit.

Couple's Response to the Incident

Prosecutors for the Valais canton initially ordered the detention of Jacques Moretti on Friday after a lengthy hearing with him and his wife Jessica, pending a decision on whether it was warranted.

Investigation Cooperation

The couple have expressed their grief over the fire and said they would cooperate fully with the investigation.

Future Legal Implications

(Reporting by Emma Farge, editing by Thomas Seythal)

Key Takeaways

  • Swiss court orders bar owner Jacques Moretti to remain in custody.
  • The fire at Crans-Montana bar resulted in 40 deaths.
  • Custody is provisional for three months, subject to review.
  • Prosecutors are investigating the incident thoroughly.
  • The couple has pledged full cooperation with the investigation.

Frequently Asked Questions

What is insurance?
Insurance is a financial product that provides protection against financial loss or risk. It involves the transfer of risk from an individual or business to an insurance company in exchange for premium payments.
What is a financial crisis?
A financial crisis is a situation where the value of financial institutions or assets drops significantly. It can lead to a loss of confidence in the financial system, resulting in economic turmoil.
What is risk management?
Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. It involves strategies to minimize potential losses.
What is investment?
Investment refers to the allocation of resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.
What is a financial community?
A financial community consists of individuals and organizations involved in the financial sector, including banks, investors, regulators, and financial service providers, working together to facilitate economic activities.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category