Category: Federal Criminal Court of Switzerland

Geneva probes ENI dealings around Congolese oil licences

The Public Prosecutor’s Office of Geneva has opened a money laundering investigation in relation to the activities of Italian group ENI in the Republic of Congo (Congo-Brazzaville). A recent judgement of the Federal Criminal Court of Switzerland reveals money belonging to a person under investigation in Italy has been seized in a Swiss bank. Prosecutors in Milan, who are investigating how the …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

Former Morgan Stanley banker receives 30-month prison sentence in Switzerland

A Swiss-based former employee of Morgan Stanley (Schweiz) AG in Zurich has to return to prison for 100 additional days. The man already spent 348 days in pre-trial detention from 2014, before being released on bail of 200,000 francs. The German-Greek citizen, resident of Zurich’s Gold Coast, was sentenced by the Federal Criminal Court on Monday, October 14, to …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

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 …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

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 …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

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, …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

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 …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

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 …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

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 …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

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, …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite

Swiss attorney general closes case linked to SBM Offshore bribes

The Office of the Attorney General of Switzerland is preparing to close a criminal investigation for money laundering and corruption connected to the Lava Jato scandal in Brazil. The proceedings, opened against unknown persons in May 2014, involved, amongst others, Pedro José Barusco Filho, former director of engineering at Petrobras, and bribes paid by the Dutch oil services group SMB Offshore. The …

Inscrivez-vous pour lire cet article. Déjà abonné? Connexion

Subscribe for unlimited access. Already a subscriber? Log in

Lire la suite