Banks, billions in oil money, and a giant state-owned resource company. As the saying goes, “follow the money.” >>>
Switzerland returns $120 mn of Brazil corruption money
Swiss judicial authorities said Wednesday they have released US$120 million (RM440.91 million) of frozen funds linked to the devastating corruption scandal at Brazilian state oil giant Petrobras.
“The release of over US$120 million reflects Switzerland’s clear intention to take a stand against the misuse of its financial centre for criminal purposes and to return funds of criminal origin to their rightful owners,” Swiss prosecutors said in a statement.
The funds are the first portion of US$400 million of frozen Brazilian assets linked to Petrobras…..
Brought to you by:
Business Ethics Highlights 
Recent Comments