Switzerland and Brazil determined to unravel Petrobras money-laundering affair
Zurich — Crime fighters in Switzerland and Brazil have pledged to intensify co-operation to resolve the sprawling corruption case linked to state oil firm Petrobras in which about 700 million-Swiss francs ($701m) remain frozen in Switzerland. Switzerland has so far returned roughly 365-million Swiss francs ($365.6m) to Brazil related to Petrobras and construction firm Odebrecht, the Swiss office of the attorney-general (OAG) said on Tuesday, including 9-million francs in March. About 70 related criminal proceedings are underway in Switzerland, two of which are scrutinising Swiss financial groups, the OAG said after Swiss attorney-general Michael Lauber and Brazilian prosecutor Gen Raquel Dodge met in Brasilia on Monday. “The two counterparts signed a joint declaration reaffirming their commitment to continue and intensify their co-operation,” the OAG said in a statement. More than 130 businessmen and politicians have been convicted in Brazil in the case, focused on political kickbac...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.