Category: Brazil

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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Walter Faria snared by his Swiss accounts

Brazil’s Lavo Jato (Operation Car Wash) investigation has claimed another success with the arrest of Walter Faria, CEO of the country’s second largest brewing company, Petropolis Group. Faria is accused of laundering more than 80 million francs for the Odebrecht account between 2006 and 2014 as part of a vast system of corruption orchestrated by the specially created “department of structural …

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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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Secret Odebrecht funds landed in the Swiss account of Angolan PEP

A former Angolan official, under investigation for money laundering by the Office of the Attorney General of Switzerland, has lost an appeal to the Federal Supreme Court in a decision dated February 22, 2019. At the end of September 2018, the new Angolan president, João Lourenço, appointed Carlos Panzo to the position of Secretary of State of Economic …

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Former PKB banker allegedly received commissions from Odebrecht

Before being dismissed in September 2015, H.D. worked for more than ten years for Ticino-based PKB Privatbank. A Swiss-Brazilian dual citizen, he held the position of deputy director and looked after the bank’s Latin-American clientele. He opened and managed the accounts of one the bank’s most infamous clients: the Brazilian multinational Odebrecht. For years, the construction giant …

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