Swiss Banks Probed at Home Over Brazil’s ‘Carwash’ Bribe Scandal

The Switzerland attorney general’s office is shifting its focus to banks operating in the country as it continues to investigate Brazil’s bribery scandal, after plea deals with individual executives provided fresh insights into how the illicit funds flowed through the financial system.

Attorney General Michael Lauber said in an interview that he’s reviewing how Swiss banks were used to funnel bribes to officials at the state-owned oil producer Petroleo Brasileiro SA, known as Petrobras, and looking at whether those banks were criminally negligent. In the interview last week in Bern, Lauber declined to name any banks under investigation or provide a time frame for any action other than to say “the sooner the better.”

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