Proceedings in Switzerland
Five Zurich bankers (former director of the Zurich branch Discount Bank & Trust Cie, the head of the bank's South America business, its chief legal council and two other bank employees) were accused of aiding Brazilian tax inspectors launder money arising from bribery and tax evasions. Although the bankers claimed to be innocent, the prosecutor in charge of the case urgued that the defendants knew the transactions were illegal . The prosecution asked the Federal Criminal Court for suspended prison terms of between 18 monthos and 30 months. The court granted the bankers suspended prison terms of up 16 months and fines of up to CHF 21,600 (US$ 19,300 ) each. 1
Notes
Donors
Case of Rodrigo Silveirinha Corrêa
| Allegedly Involved: | US$ 36,000,000 |
| Frozen So Far: | US$ 33,000,000 |
| Traced So Far: | US$ 33,000,000 |
| Recovered: | US$ 1,000,000 |
| Origin: | Brazil |
Case info
- Proceedings in Switzerland
Status: Conviction Conviction: Helping Brazilian tax inspector to launder money Opened: 8/21/02 Closed: 1/20/09 Allegedly Stolen: US$ 36,000,00 Frozen: US$ 33,000,000 Recovered: US$ 1,000,00 Jurisdiction: Switzerland AR Mechanism: Criminal
Countries Involved
The following countries are linked to this case:
Document Source
| Title | 5 Swiss bankers convicted in Brazil money case |
| Publisher | International Herald Tribune |
| Pub. date | Thu, 18 Sep 2008 |
| Website | http://www.iht.…-Corruption.php |