Category: Federal Supreme Court of Switzerland

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 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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Company linked to Baez clan tries to recover undeclared funds in Switzerland

On September 4, 2019, the Federal Supreme Court made a ruling in a case involving a mysterious Panamanian company and CA Indosuez Suisse bank. Star Equities Holdings, whose administrators are connected to the Baez scandal in Argentina, claims to hold three accounts at Crédit Agricole Private Banking, with deposits totalling 1.3 million francs. The company said it asked for the accounts to be …

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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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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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PDVSA: US investigates embezzlement of 4.5 billion dollars via Switzerland

In March 2018, the United States Department of Justice (DOJ) sent a request for legal assistance to Switzerland in connection with the PDVSA scandal. Stemming from that request, the Federal Supreme Court has revealed that the American investigation covers the misappropriation of more than 4.5 billion dollars “mainly through accounts opened in Switzerland”. In a decision made public on May 27, …

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Swiss courts rule in favour of Vladimir Gusinsky in Russian TV rights case

Four years have passed since the Russian tax authorities requested legal assistance from Switzerland regarding a company controlled by the Russian media magnate Vladimir Gusinsky. The Federal Supreme Court had just ended the matter with its answer – nyet. Switzerland will not respond to the questions sent by Russia’s Federal Tax Service about Zug-based New Century Distribution GmbH. The Federal Supreme Court upheld …

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Switzerland grants request from former Romanian prosecutor Laura Kövesi

A Swiss lawyer has failed in a Federal Supreme Court bid to block a request for legal assistance from Romania. The lawyer cited accusations by the Romanian authorities against the country’s former chief prosecutor, Laura Codruța Kövesi, current favourite in Brussels to head the new European Public Prosecutor’s Office. Switzerland’s highest court flatly rejected the arguments against Kövesi. …

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Advisor to Beny Steinmetz suspected of corruption in Romania

Switzerland will hand over information to the Bucharest authorities pursuing an investigation into the Israeli political advisor Tal Silberstein. A Federal Supreme Court decision reveals that Silberstein is suspected of corruption in connection with the 2009 presidential election in Romania. Silberstein was arrested in Israel at the end of 2016 along with the French-Israeli billionaire Beny Steinmetz, founder of …

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Zurich authorities investigate trusts run by Neupert Vuille Partners law firm

Zurich public prosecutor’s office raided the offices of the law firm Neupert Vuille Partners in May 2017, a Federal Supreme Court judgement reveals. The case concerns two trusts based in Liechtenstein, Admintrust Verwaltungs Anstalt and Lopag Trust reg. Three lawyers from Neupert Vuille Partners applied for the documents seized by the Zurich authorities to be sealed. One of the lawyers is …

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