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Thursday, March 19, 2015

Swiss authorities freeze bank assets as part of Petrobras investigation

Attorney general opens nine separate inquiries into possible links between Swiss accounts and the scandal-hit state oil company of Brazil

Authorities in Switzerland have frozen assets worth $400m as part of an investigation into alleged links between Swiss accounts and a sprawling corruption scandal in Brazil embroiling senior politicians and the state-owned oil company, Petrobras.

The Swiss attorney general has opened nine investigations into suspected links between Swiss accounts based on allegations of money laundering and other corrupt practices. Authorities said they have already repatriated more than $120m of the frozen assets to Brazil.

Related: Brazil in crisis mode as ruling party sees public trust rapidly dissolving

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from Network Front | The Guardian More