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

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, …

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Uzbekistan to receive 130 million francs following prisoner confession

The restitution of 130 million francs to Uzbekistan, announced on Monday, June 24 by the Office of the Attorney General of Switzerland, is based on a confession received in 2016 by Swiss federal prosecutor Patrick Lamon. The prisoner in question, 42-year-old Rustam Madumarov, is a former boyfriend of Gulnara Karimova, daughter of the late Uzbek president. He hopes that the …

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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 …

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Swiss open probe into SICPA linked to Brazilian corruption case

The Office of the Attorney General of Switzerland has opened an investigation into Lausanne-based SICPA, after a former executive vice-president of the company received an 11-year prison sentence in Brazil. Gotham City revealed the details of the judgment last week. The federal proceedings are being conducted against the company and two individuals. SICPA says it is “cooperating …

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Swiss financial regulator begins belated clean-up of Zug’s crypto valley

The Swiss financial regulator, FINMA, has blacklisted several companies active in the cryptocurrency sector. Among them are Zug-based Global Trade Solutions AG, suspected by the United States authorities of having played a key role in the disappearance of 850 million dollars in the Bitfinex case. The Swiss measure was imposed more than a month after the scandal broke. FINMA …

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Accommodated by the EU, Ivanyushchenko remains on Swiss sanctions list

Former Ukrainian MP Yuriy Ivanyushchenko has failed in an attempt to have his name removed from the Swiss sanctions list targeting allies of former president Viktor Yanukovych, ousted in 2014. Currently being investigated for fraud by the Office of the Attorney General of Switzerland, Ivanyushchenko lost his appeal to the Federal Administrative Court. The fact that the European Union chose to remove Ivanyushchenko’s name …

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Spanish tax authorities fail to pin down Swiss watchmaker Marzio Villa

The Spanish authorities suspect that the owner of the Swiss watch brand Cuervo y Sobrinos, who is officially resident in the Swiss canton of Ticino, is actually living in Spain and should be taxed there. However, the Federal Administrative Court has rejected the Spanish request for legal assistance, citing lack of supporting evidence. Of Italian origin, Marzio …

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Criminal investigation into founder of Swiss cryptocurrency Giracoin to remain closed

At the end of 2016, the State Secretariat for Economic Affairs (SECO) filed a fraud complaint against one of the founders of Giracoin, the newly launched cryptocurrency which was attracting positive media coverage. The Public Prosecutor’s Office of Nidwalden closed the investigation one year later, a decision just confirmed by the Federal Supreme Court. Launched in 2016 at the height …

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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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