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PDVSA: Swiss Banks Land in Middle of Money-Laundering Probe — Again
Swiss banks have a new money-laundering worry: Venezuela.
At the request of U.S. authorities, Switzerland has agreed to turn over records from at least 18 banks involving Venezuela’s state oil company, Petroleos de Venezuela SA, which is the subject of a widening corruption investigation by the U.S. Department of Justice, according to Swiss regulators.
Among the banks are UBS AG, EFG Bank AG and CBH Compagnie Bancaire Helvetique SA, said a person briefed on the matter. Spokespeople for the banks declined to comment. None of the 18, whose names haven’t been disclosed, has been accused of wrongdoing.
The development is the latest twist in a wide-ranging investigation that U.S. authorities say has revealed evidence of bribery at PDVSA, the linchpin of Venezuela’s oil industry, as well as at BANDES, the nation’s economic development bank …. http://www.bloomberg.com
Source: http://luismmx.blogspot.com/2016/03/pdvsa-swiss-banks-land-in-middle-of.html
