20th November 2019
AP — Brazilian police are seeking the arrest of former President Horacio Cartes of Paraguay as part of an investigation into money laundering. On Tuesday, Brazilian authorities alleged Cartes provided $500,000 to a criminal organization at the request of Dario Messer, a Brazilian associate who was then a fugitive facing… Read More
13th November 2019
Italian authorities have announced the arrest of 71 suspected members of the country’s most powerful crime syndicate on drug trafficking and money laundering charges. A three-years-long nationwide operation named Cerberus after the three-headed hound of Greek mythology that guards the gates of the Underworld, culminated in the dismantling of two… Read More
11th November 2019
Brazil’s former president Luiz Inácio Lula da Silva has been released from prison after a supreme court ruling that delighted his supporters and infuriated followers of the far-right president Jair Bolsonaro. Lula, who was serving a 12-year corruption sentence, was greeted by hundreds of supporters wearing red vests emblazoned… Read More
8th November 2019
Brazil’s Supreme Court ruled on Thursday that defendants cannot be imprisoned before all their appeals are exhausted, marking a setback for graft investigations that have led to the convictions of dozens of high-ranking politicians and business leaders. The ruling, which reverses policy adopted in 2016, means that former President Luiz… Read More
28th October 2019
A task force of Brazilian public prosecutors said on Friday it is seeking to fine over a dozen people 5.3 billion reais ($1.3 billion) on accusations of fraud, money laundering and corruption involving an investment fund linked to prominent businessman Joesley Batista. Batista, the biggest shareholder in meatpacker JBS SA… Read More
25th October 2019
Swiss federal prosecutors said they had opened an investigation of private bank J. Safra Sarasin as part of a wide-ranging corruption probe surrounding Brazilian state oil company Petrobras (PETR4.SA) and construction firm Odebrecht. The Office of the Attorney General opened proceedings against the Basel-based bank in November 2018,… Read More
23rd October 2019
Switzerland has pressed charges against a person in a corruption probe of Brazilian state oil company Petrobras (PETR4.SA) and construction firm Odebrecht, the attorney general’s office said, adding it was seeking to conclude the case quickly. Prosecutors in Bern on Tuesday said they suspect the person, acting as… Read More
15th October 2019
A Miami financial advisor who faced trial Tuesday on corruption and money-laundering charges that implicated Ecuador’s national oil company and Brazilian construction giant Odebrecht has decided to plead guilty. Frank Roberto Chatburn Ripalda, who has American and Ecuadorian citizenship, admitted in a plea agreement that he used the U.S. financial… Read More
9th October 2019
Two U.S. senators called on the U.S. Treasury on Tuesday to open an investigation into the world’s largest meat processing company, Brazil’s JBS S.A. (JBSS3.SA), due to alleged ties with the Venezuelan government of leftist President Nicolas Maduro. President Donald Trump’s government has imposed sanctions on dozens of… Read More
4th October 2019
According to findings based on two operational stages carried out this year, funds used for the payment of bribes were transferred through Banco do Brasil, Bradesco, Caixa, Itaú, and Santander. In all, the accounts opened in the name of front companies operated… Read More