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

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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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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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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