Category: Courts & Authorities

Credit Suisse admits responsibility in “Cocaine King” scandal

In July, Gotham City revealed that Credit Suisse was implicated in a sprawling investigation involving the former Bulgarian “Cocaine King” Evelin Banev. A recent decision by the Federal Criminal Court shows that the bank has admitted the facts of which it stands accused and has asked for a quick judgment by a simplified procedure. Banev has been previously convicted in …

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Austria turns its attention to a Swiss company in Romanian bribery scandal

A new development in the corruption scandal that has shaken Romania involving a contract for the renovation of a section of the Bucharest-Constanta railway line. According to Romanian authorities, it is Austria’s turn to take an interest in the banking records of a Swiss company. The information comes from a ruling by the Federal Criminal Court, dated July 31, …

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Swiss attorney general’s office points Brazil to Marcelo Odebrecht’s brother-in-law

The Public Prosecutor’s Office of Brazil announced several raids and arrests on August 21 as part of the 63rd phase of corruption probe Lavo Jato. Among its targets was Mauricio Ferro, former legal director of Braksem oil company and brother-in-law of Marcelo Odebrecht, the man at the centre of one of the biggest corporate corruption …

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Walter Faria snared by his Swiss accounts

Brazil’s Lavo Jato (Operation Car Wash) investigation has claimed another success with the arrest of Walter Faria, CEO of the country’s second largest brewing company, Petropolis Group. Faria is accused of laundering more than 80 million francs for the Odebrecht account between 2006 and 2014 as part of a vast system of corruption orchestrated by the specially created “department of structural …

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Jean-Claude Bastos settlement sees Quantum return two billion to Angola

Quantum Global companies are required to return two billion dollars to the sovereign fund of Angola, the FSDEA, in return for the Angolan authorities dropping charges against its CEO, Swiss-Angolan businessman Jean-Claude Bastos. The figure is mentioned in a dismissal order issued by the Office of the Attorney General of Switzerland on June 27 and …

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Swiss Bombardier accounts targeted by Swedish authorities

Swiss banks have been implicated in the sprawling bribery and money laundering scandal surrounding Canadian manufacturing giant Bombardier and a lucrative contract in Azerbaijan. The banks’ involvement emerged in a Federal Supreme Court judgment dated June 28, 2019. Following a Swedish request for legal assistance, Switzerland agreed to provide bank documents to the Swedish justice authorities linked to four …

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Gunvor: nominee to face lesser charges in Swiss court

One year after the conviction of a former Gunvor Group trader for corruption in Congo-Brazzaville and Ivory Coast, the Federal Criminal Court is about to try another accused connected to Gunvor. But this time the main charge of money laundering has been dropped and the defendant will be tried only for falsifying documents. The simplified proceedings, which …

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Geneva lawyer Roland Kaufmann convicted in the SNC-Lavalin case

The former partner of law firm Froriep has been convicted by the Office of the Attorney General of Switzerland (OAG) for having organised the payment of bribes to Saadi Gaddafi, third son of Muammar Gaddafi, over the course of nearly a decade. Aged 71, the lawyer received a suspended fine of 108’000 francs for bribing foreign public officials and aggravated …

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Credit Suisse under investigation by attorney general’s office over Bulgarian ‘Cocaine King’ accounts

Credit Suisse has been under criminal investigation since 2013 as part of a money laundering probe by the Office of the Attorney General of Switzerland connected to the Bulgarian “Cocaine King” Evelin Banev, Gotham City has learned. The involvement of the country’s second-largest bank is revealed in Swiss and Italian court documents. Opened on February 1, …

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Uzbekistan to receive 130 million francs following prisoner confession

The restitution of 130 million francs to Uzbekistan, announced on Monday, June 24 by the Office of the Attorney General of Switzerland, is based on a confession received in 2016 by Swiss federal prosecutor Patrick Lamon. The prisoner in question, 42-year-old Rustam Madumarov, is a former boyfriend of Gulnara Karimova, daughter of the late Uzbek president. He hopes that the …

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