Category: Courts & Authorities

Accused in Switzerland, Geneva manager is released in Spain in Gürtel case

Arturo Fasana, one of the directors of Rhône Gestion, is under investigation in Geneva for his involvement in the concealment in Switzerland of funds of former King Juan Carlos. In Spain, the manager has just been released from charges against him in another case. On his company’s site, Arturo Fasana is displayed with a serene …

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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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Lava Jato, PDVSA: The latest decisions of the Swiss courts

The Odebrecht case and its ramifications around the world are reaching the Swiss justice system. The Federal Criminal Court and the Federal Supreme Court have recently taken several decisions on mutual assistance which we summarise here. Doleiro Roberto Douer’s funds remain blocked in Switzerland In August 2018, Brazil had transmitted to Switzerland a request for assistance concerning …

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Bordeaux Winegrower kept 112 million in hidden Swiss accounts

The widow of a Bordeaux winegrower, a mysterious Luxembourg investment company, a “sophisticated and incomprehensible” financial arrangement and a lawyer with a murky role: this unusually complex case is now in the hands of the the Geneva Public Prosecutor’s Office. In a ruling handed down on 13 January 2020, the Federal Supreme Court decided to …

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Switzerland closes the investigation against Paulo Roberto Costa and confiscates one million Swiss francs

The Office of the Attorney General of Switzerland (AOG) has put an end to the proceedings initiated six years ago against Paulo Roberto Costa, former head of supplies for the Brazilian oil company Petrobras. His arrest, in March 2014, was the trigger for the biggest financial scandal in Brazilian history. The Federal Public Prosecutor’s Office has …

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Swiss court maintains freeze on Venezuelan lawyer’s Odebrecht ‘consulting fees’

The freezing order on some 73 million dollars held in Switzerland by Hector Dager remains in place. On October 24 the Federal Criminal Court rejected an appeal by one of the two companies controlled by the Venezuelan lawyer. Dager is accused of managing flows of money from the under-the-counter funds of Brazilian company Odebrecht. More …

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Three years after the scandal, a Swiss bank was still processing PDVSA bribes

An official from Venezuela’s state oil company PDVSA allegedly received bribes through a Swiss bank up to 2018, more than three years after the first American indictments in the corruption scandal. The accounts in question, linked to businessman José Manuel González Testino, are the subject of two legal assistance requests from the United States. The Federal Supreme Court has just …

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Swiss attorney general’s office aims for “dynamic legal assistance”

“The extent of money laundering in Switzerland is well known, and there is a strong risk depending on the sectors,” Patrick Lamon of the Office of the Attorney General of Switzerland told an audience of his peers in Bern on November 8. The federal prosecutor was taking part in a seminar organised by the Swiss Association of Experts in Economic …

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Swiss conviction for former Trafigura executive in Petrobras scandal

Previously convicted in Brazil, Mariano Marcondes Ferraz, a Brazilian businessman who admitted paying bribes to a high-ranking employee of the Brazilian state-run oil company Petrobras, is now facing criminal sanctions in Switzerland. Gotham City has seen the sentence order for the case, in which the illicit payments were routed through Swiss banks. For a long time, article …

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Swiss Federal Police refuse to delete confidential report on Roman Abramovitch

Russian billionaire Roman Abramovitch has demanded that the Swiss Federal Police (Fedpol) delete the information which led to the withdrawal of his application for Swiss residency in 2017. The Federal Supreme Court has just dismissed his appeal relating to an aspect of the case. Abramovitch’s Swiss humiliation became public in 2018. Several newspaper titles in Tamedia group reported that the Swiss authorities had turned …

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