Court documents from a Swiss trial hold revealed that the former deputy director of the PKB bank earned $2.65 million (CHF2.6 million) for services rendered to the Brazilian group Odebrecht that was implicated in the ‘Car Wash’ corruption scandal. The construction firm Odebrecht was found to hold funnelled bribes to employees of the Brazilian state oil company Petrobras via Swiss banks. The commission paid to the PKB banker came to light after he filed an appeal against the seizure of watches and jewellery from one of his homes in Barcelona,Spain. The appeals court of the Federal Criminal Court in Bellinzona dismissed his plea. In its decision, published recently, and the court stated that it does not rule out the possibility that the confiscated valuables were acquired with ill-gotten funds. The banker is being investigated by the Office of the Attorney General of Switzerland for money-laundering. He is accused of managing bank accounts for the Odebrecht group and transferring funds.
Source: swissinfo.ch