Swiss prosecutors investigate Geneva private bank over Brazilian ‘Car Wash’ probe
A woman holds a placard ["Car Wash I support you"] during a rally in Sao Paulo, Brazil, to show support for the Java Lato ["Car Wash"] corruption investigation, September 6, 2020.
Keystone / Fernando Bizerra
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
Climate adaptation
Why Switzerland is among the ten fastest-warming countries in the world
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
Rhine could warm by up to 4°C by 2100, scientists warn
This content was published on
The water temperature of the Rhine River could rise by up to 4.2° degrees Celsius by the end of the century due to the warming planet, scientists warn.
This content was published on
The Federal Council wants to explore the possibilities of joining the European Union’s €800-billion rearmament programme without compromising Swiss neutrality.
Defence Minister Pfister stresses importance of Swiss mission in Balkans
This content was published on
During a visit to the Balkans region last week, Swiss Defence Minister Martin Pfister met Swisscoy peacekeeping troops in Kosovo.
Premiere for Swiss Air Force on French National Day
This content was published on
On July 14, the Swiss Air Force will take part in the traditional air parade in Paris to mark the French bank holidays with an F/A-18 fighter jet. This is a first for Switzerland.
Swiss launch competition for memorial to Nazi victims
This content was published on
The victims of Nazi Germany are to be commemorated on the Casinoterrasse in Bern. A competition will be held to determine what the site will look like.
This content was published on
The cantonal police of Graubünden in eastern Switzerland have arrested and convicted five cocaine dealers in Chur within a week.
This content was published on
The Swiss business umbrella organisation Economiesuisse and the employers' association broadly support the package of agreements negotiated with the European Union.
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.