Category: LGT Bank

Olive oil moguls convicted of fraud had hidden Swiss accounts

The sauce has turned. Jesús and Jaime Salazar, the former directors of Spanish olive oil giant SOS Cuétara, embezzled more than 200 million euros and caused the bankruptcy of their company. However, two months after the scandal broke in 2009, they were still able to invest their profits in several Swiss banks. Bertolli, Carapelli, Carbonell… …

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PDVSA: Liechtenstein investigates Matthias Krull for money laundering

The Liechtenstein public prosecutor’s office has opened a criminal investigation against Matthias Krull, Julius Bär’s former banker who was previously sentenced to ten years in prison in the United States for his role in the embezzlement of 1.2 billion dollars from the public oil company’s coffers. An American court decision dated 10 February 2020 reveals that …

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United States follows Swiss trail of bribes paid to Peruvian ex-president

The United States Department of Justice has turned its attention to the financial dealings of Peru’s former president, Alejandro Toledo. Two Swiss banks and a law firm in Zug are allegedly involved with the operation of hidden accounts. Toledo has been pursued by the Peruvian authorities for corruption since 2016. Toledo is suspected in Peru of receiving 20 million …

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ENI/Shell: contents of Geneva suitcase released to Italy and the Netherlands

A breakthrough for the authorities in Milan prosecuting the ENI/Shell case: the Federal Supreme Court of Switzerland has just authorised the handover to Italy of the contents of a suitcase belonging to Nigerian middleman Emeka Obi. The Netherlands also requested a copy of the documents contained in the suitcase, suggesting that the Dutch authorities are close to making a move against Royal Dutch Shell. Emeka Obi is accused of …

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