2 BANK EXECUTIVES CHARGED FOR CONSPIRING TO LAUNDER HUNDREDS OF MILLIONS OF DOLLARS THROUGH THE US FINANCIAL SYSTEM IN CONNECTION WITH ODEBRECHT BRIBERY AND FRAUD SCHEME

A news release from US DoJ on 25 May advised that an Austrian man had been arrested in the UK on criminal charges related to his alleged participation in a conspiracy to launder hundreds of millions of dollars through the US financial system as part of a scheme to pay bribes around the world and defraud the Brazilian government.  An indictment charges Peter Weinzierl, 55, and Alexander Waldstein, 73, both of Austria, for their role in a massive money laundering scheme involving Odebrecht SA, a Brazilian-based global construction conglomerate. Weinzierl was arrested to a provisional arrest request from the USm while Waldstein remains at large.  Weinzierl served as CEO and Waldstein as officer of an Austrian bank, and both served as board members of an Antiguan bank. 

https://www.justice.gov/opa/pr/two-bank-executives-charged-conspiring-launder-hundreds-millions-dollars-through-us-financial

also

2 FORMER PANAMANIAN PRESIDENTS ON TRIAL IN ODEBRECHT CASE

On 25 May, Prensa Latina reported that former Panamanian presidents Ricardo Martinelli (2009-2014) and Juan Carlos Varela (2014-2019) are on trial for receiving bribes from the Brazilian construction company Odebrecht.  They are said to be among 50 individuals and a legal company on trial for alleged economic crimes, including money laundering.

https://www.plenglish.com/index.php

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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