Switzerland presses first charges in Petrobras-Odebrecht affair By Reuters

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Switzerland presses first charges in Petrobras-Odebrecht affair

Stock Markets Oct 22, 2019 04:46AM ET

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Switzerland presses first charges in Petrobras-Odebrecht affair

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BERLIN (Reuters) - Swiss prosecutors have pressed charges against an individual in a corruption probe into Brazil's state-owned oil company Petrobras (SA:PETR4) and construction firm Odebrecht, the attorney general's office in Bern said on Tuesday.

The Swiss authorities said they suspected the person, who acted as a financial middleman, of complicity in the bribery of public officials and money laundering.

The Petrobras-Odebrecht case, one of the biggest corruption affairs in Latin-America, has led to around 70 criminal proceedings Switzerland while more than 130 businessmen and politicians have been convicted in the case in Brazil.

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