Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

Petrobras $400 million assets freezed on laundering charges

byCustoms Today Report
21/03/2015
in Uncategorized
Share on FacebookShare on Twitter

BERN: Swiss government has frozen $400 million of assets in over 30 banks as the country’s attorney general probes money laundering related to Petroleo Brasileiro SA’s corruption scandal.

According to the Federal Prosecutor’s office” almost nine investigations have been opened since last April based on allegations of corruption involving eight Brazilian citizens”. More than $120 million of those frozen funds were released for repatriation to Brazil, it said.

You might also like

Millers seek export of 633,000 tonnes of surplus sugar

13/08/2026

Petroleum levy collection surges to Rs1.567tr in FY26

13/08/2026

“The Swiss criminal proceedings will continue with the aim of holding the perpetrators accountable and establishing the origin of the remaining frozen assets,” the Federal Prosecutors’ Office said in the statement.

Petrobras is mired in a corruption scandal in which company executives allegedly directed hundreds of millions of dollars from overpriced contracts to politicians. Disagreement about the corruption write down led to the departure of the state-owned company’s Chief Executive Officer Maria das Gracas Foster. More than 1 million Brazilians demonstrated on Sunday against corruption and President Dilma Rousseff.

Related Stories

Millers seek export of 633,000 tonnes of surplus sugar

byCT Report
13/08/2026

KARACHI: The sugar mill owners have again urged Food Security Minister Rana Tanveer Hussain to allow the export of 633,000...

Petroleum levy collection surges to Rs1.567tr in FY26

byCT Report
13/08/2026

LAHORE: The government collected Rs1.567 trillion through the Petroleum Levy (PL) in fiscal year 2025-26. The figure exceeded the revised...

KP cabinet approves sales tax relief for Malakand, tribal areas, clears Rs5b youth programme boost

byCT Report
13/08/2026

PESHAWAR: The Khyber Pakhtunkhwa cabinet has approved two draft notifications granting sales tax relief to local service providers and industrial...

KCCI pledges to make Pakistan more prosperous on Independence Day

byCT Report
13/08/2026

KARACHI: Businessmen Group (BMG) Chairman Zubair Motiwala and Karachi Chamber of Commerce & Industry (KCCI) President Muhammad Rehan Hanif have...

Next Post

Finnish shipyard ready to build 212 meter LNG power fast fairy

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.