The French national has been sued for fraud and sentenced to a prison term in absentia, said Sunday the Directorate General of National Security (DGSN) in a statement.
According to preliminary reports, the accused, who was about to board an airplane bound for Bordeaux (France), is the subject of a red notice from Interpol.
He is wanted by the Swiss judiciary for fraud committed when he was in charge of the management of a Swiss holding, said the DGSN statement.
The suspect was placed in custody and was subsequently brought before the competent judicial authorities responsible for extradition cases, the statement said, adding that the arrest is part of DGNS efforts to strengthen international security cooperation mechanisms.
According to information gleaned by the news website le360, the defendant, born in Paris in 1961, is named Jacques Thierry Marie B.
He has been the subject of a red notice since April 24, 2019.
He is suspected of having committed a series of malpractices to the detriment of a Geneva-based holding company, CGE-RHI S.A.
When he was chairman of the company that is currently under liquidation, he has reportedly granted himself undue benefits estimated at 1.5 million Swiss francs (a Swiss Franc is worth 9.49 dirhams), le360 reports.
CGE-RHI S.A, a company incorporated under Swiss law, specializes in providing services, specialized personnel and international human resources services to companies affiliated or controlled by la Compagnie Générale des Eaux group.
The company also provides business consulting, public relations consulting and communication services.