Swiss prosecutors investigate Geneva private bank over Brazilian ‘Car Wash’ probe
Federal prosecutors have opened a criminal investigation into Geneva-based Banque Cramer & Cie as part of a wider corruption probe into Brazilian state oil company Petrobras and construction firm Odebrecht.
This content was published on
2 minutes
Keystone-SDA/AFP/Reuters/sb
Português
pt
MP suíço investiga banco privado de Genebra envolvido na Lava a Jato
The Swiss Attorney General’s office (MPC) confirmed on Thursday that it had around 40 criminal proceedings pending in the Petrobras-Odebrecht affair, of which three are against financial institutions in Switzerland. The latest is against Banque Cramer & Cie, it told AFP on Thursday, confirming an earlier report by online site Gotham City.
The probe was opened on July 1 based on information “resulting from other criminal proceedings” in the context of this vast Brazilian scandal.
The prosecutor’s office said it suspected a “lack of internal organisation within the bank that would not have enabled it to prevent the commission of the money laundering offence”.
In February 2018, Switzerland’s financial regulator found Lugano-headquartered PKB private bank guilty of breaching money laundering rules in relation to the Petrobras and Odebrecht Brazilian corruption scandal. The bank was ordered to hand over CHF1.3 million ($1.4 million) in illicitly gained assets.
A Swiss court in February 2020 handed down its first Swiss conviction relating to the Brazilian Petrobras-Odebrecht scandal. A Swiss-Brazilian man was found guilty of complicity in bribing foreign agents and of money laundering offences in Switzerland, Brazil and Portugal.
Popular Stories
More
Foreign affairs
European nations snub Swiss-made weapons over Ukraine restrictions
Is reforming the Swiss pension system still possible, and if so, how?
Solutions still need to be found to meet the challenge of an ageing population and to improve the pensions of low-paid workers, the majority of whom are women.
What do you think Switzerland’s Alain Berset can bring to the Council of Europe?
The former interior minister is to become the first Swiss Secretary General of the Council of Europe – which issues should his five-year term focus on?
This content was published on
The majority of high level decisions in Swiss companies remains in the hands of men, says the latest Gender Intelligence Report.
Swiss canton wants to test collection of electronic signatures for initiatives
This content was published on
St Gallen wants to become the first Swiss canton to use electronic signatures (e-collecting) for referendums or initiatives.
Swiss government launches attempt to secure 2038 Winter Olympics
This content was published on
After failing to host the Winter Olympics in 2030 and 2034, Switzerland is trying again - this time for the 2038 Winter Games.
Study highlights Swiss cantons’ failings over adoptions from India
This content was published on
A Swiss study released on Friday has revealed that cantons Thurgau and Zurich are responsible for shortcomings linked to adoptions of children from India.
Glacier melt causes changes to Swiss-Italian border
This content was published on
Switzerland has adapted its borders with Italy and France. The changes with Italy are linked to melting glaciers, while those with France concern a tram line and rivers in the Geneva region.
Zermatt restaurateurs sentenced for defying Covid-19 measures
This content was published on
A Swiss court has given three restaurateurs in Zermatt, who were arrested in 2021 after repeatedly ignoring police orders to close their establishment, suspended sentences and fines.
Report: one in five Swiss tunnels damaged, but safe
This content was published on
According to Switzerland's Federal Roads Office (Astra), national roads are in good condition overall. Almost one in five tunnels has moderate damage but they are safe, it said on Thursday.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
The key criminal probes involving Swiss banks
This content was published on
Following fines linked to Malaysia’s 1MDB scandal, other outstanding criminal probes still hang over the heads of Switzerland’s banks.
Swiss prosecutors search Vitol and Trafigura offices as part of Car Wash probe
This content was published on
Swiss investigators have searched the Geneva offices of commodity traders Vitol and Trafigura at the request of Brazilian federal prosecutors.
Switzerland hands CHF365m Petrobras-Odebrecht assets to Brazil
This content was published on
Giving a summary of progressExternal link on the investigations on Tuesday, the OAGExternal link said the latest tranche of CHF9 million was sent to Brazil at the end of March “in favour of injured parties.” The “Operation Car Wash” investigation into the state-run Petrobras oil company and Odebrecht, Latin America’s largest construction company, is one…
PKB private bank officials under investigation for fiscal fraud
This content was published on
Eighteen managers at the Swiss private bank PKB Privatbank in Lugano are being investigated in Italy for fiscal fraud and money laundering.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.