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Drug Dealers in Brazil Accused of Bankrolling Soccer Games

By Juan Diego Posada, InSight Crime, 27 October 2020 InSight Crime — To sell and promote their product, drug dealers in Rio de Janeiro have organized cash-prize soccer matches — in an example of how even low-level criminals use Brazil’s soccer-mad culture to net illicit cash. Police were tipped that the… Read More

German arrest order for Panama Papers lawyers faces hurdle

AP – A German arrest order for two Panamanian lawyers whose firm was at the center of an international tax evasion scandal faces a substantial obstacle: Panama’s constitution prohibits the extradition of its citizens. Juergen Mossack and Ramón Fonseca are sought by Cologne prosecutors on charges of being an… Read More

Vitol executive’s secret recordings to expand Brazilian oil bribery probe

Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six people and two… Read More

16th October 2020

Meat giant JBS’s owner settles U.S. corruption charges

Brazil’s J&F Investimentos, which controls the world’s largest meatpacker, JBS SA, put an end to a long-running legal dispute in the U.S. over bribes it paid in Brazil, agreeing Wednesday to pay $128 million to settle the case. J&F admitted in 2017 to paying about $150 million in bribes… Read More

15th October 2020

Swiss authorities return seized $37 million to CONMEBOL

AP — Swiss authorities said Wednesday they are returning about $37 million in seized funds to South American soccer confederation CONMEBOL. The money is linked to a Swiss corruption investigation into CONMEBOL’S former president Nicolás Leoz of Paraguay and former secretary-general Eduardo Deluca of Argentina. Leoz and Deluca were among… Read More

9th October 2020

Swiss prosecutors investigate Banque Cramer over Brazil ‘Car Wash’ probe

Swiss federal prosecutors said on Thursday they had opened a criminal investigation of Geneva-based Banque Cramer & Cie as part of a wide-ranging corruption probe surrounding Brazilian state oil company Petrobras and construction firm Odebrecht. “The (Office of the Attorney General) suspects a lack of internal organisation of the bank… Read More

8th October 2020

Bolsonaro Declares Brazil Corruption-Free and Ends Carwash Probe

President Jair Bolsonaro said he’s put an end to the country’s long-running Carwash probe, which has sent hundreds of Brazil’s political and business power brokers to jail, because corruption is no longer an issue in his government. The far-right president, elected in 2018 on a law-and-order platform, said he… Read More

30th September 2020

Dutch shipbuilder IHC ‘under investigation’ in Brazil over bribery claim

An investigation has begun into Dutch shipbuilder IHC in connection with a corruption scandal in Brazil, the Financieele Dagblad said on Tuesday. The FD says Brazilian court documents suggest the research focuses on 2013, when IHC was given a €1bn order to build six ships to be used in laying… Read More

30th September 2020

Brazil goes after gang finances but with little guarantee of success

By Chris Dalby, Insight Crime, 28 September 2020 Insight Crime – Recent operations in Brazil against the country’s two leading gangs, the PCC and Red Command, show that authorities are varying up their tactics but may still struggle to have a long-term impact. In mid-September, Brazilian police and prosecutors… Read More

29th September 2020

Brazil prosecutors bring graft charges against Bolsonaro’s son

Brazilian state prosecutors in Rio de Janeiro on Monday brought charges against the president’s son, Flavio Bolsonaro, for alleged embezzlement, laundering and running a criminal organization, domestic newspaper O Globo reported. The indictments ratchet up pressure in a long-running probe into the son of right-wing leader Jair Bolsonaro. The younger… Read More

29th September 2020

Julius Baer weighs opening U.S. business, buying LatAm firms

Julius Baer Group Ltd. is deciding whether to start a wealth-management business in the U.S. as it seeks partnerships or acquisitions in its core Latin American markets. “I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business… Read More

15th September 2020

Brazil’s da Silva faces new charge of money laundering

AP — Prosecutors in Brazil’s sprawling Car Wash corruption investigation on Monday charged former President Luiz Inácio Lula da Silva with money laundering, less than a year after the country’s top court ordered him freed from jail while he appealed his conviction in another case. Prosecutors said the left-leaning… Read More

15th September 2020

Italian prosecutor set for ‘historic’ anti-mafia court battle

After years of investigation, mountains of evidence and hundreds of suspects, Italy’s plucky anti-mafia prosecutor Nicola Gratteri is gearing up for a “historic” court battle against the country’s powerful ‘Ndrangheta clan. The first salvos in a court battle were fired Friday as a preliminary hearing against ‘Ndrangheta members opened in… Read More

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