Swiss to return $70 million more to Brazil in Petrobras investigation

Swiss authorities will return $70 million more from funds frozen during investigations into allegations of corruption at Brazilian state oil group Petrobras (PETR4.SA), Attorney General Michael Lauber’s office said on Thursday.

The money – on top of another $120 million released a year ago – will go back to people in Brazil who suffered losses during the scandal, the statement added, without going into further details.

Allegations of bribes and political kickbacks linked to Petrobas have triggered protests across Brazil and fueled anger against President Dilma Rousseff and members of her inner circle.

Swiss federal prosecutors say they have received reports of around 340 suspicious banking relations, opened around 60 enquiries and frozen around $800 million since 2014.

 

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