Thursday, October 29, 2020

Switzerland and Brazil determined to unravel Petrobras money-laundering affair

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Crime fighters in Switzerland and Brazil have pledged to intensify co-operation to resolve the sprawling corruption case linked to state oil firm Petrobras in which about 700 million-Swiss francs ($701m) remain frozen in Switzerland.

Switzerland has so far returned roughly 365-million Swiss francs ($365.6m) to Brazil related to Petrobras and construction firm Odebrecht, the Swiss office of the attorney-general (OAG) said on Tuesday, including 9-million francs in March.

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