Category: Office of the Attorney General of Switzerland (OAG)

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 investigation targets J. Safra Sarasin bank in Petrobras scandal 

The Office of the Attorney General of Switzerland has opened proceedings against Basel-based J. Safra Sarasin for “suspicion of internal organisational failures”. The federal investigation of Swiss institutions involved in the Petrobras – Odebrecht corruption scandal, now in its famous “third phase”, has already targeted PKB Privatbank in Lugano. J. Safra Sarasin, controlled by Joseph …

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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 …

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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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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 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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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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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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